The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021

Procedure at meetingsE+W

This section has no associated Explanatory Memorandum

79.—(1) At any meeting of the creditors’ committee, each member of it (whether present or represented) has one vote, and a resolution is passed when a majority of the members present or represented have voted in favour of it.

(2) Every resolution passed must be recorded in writing and authenticated by the chair, either separately or as part of the minutes of the meeting, and the record must be kept with the records of the proceedings.

Commencement Information

I1Rule 79 in force at 12.11.2021, see rule 2