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There are currently no known outstanding effects for the The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021, Section 90.
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90.—(1) When notice is given of a meeting to be held in the course of the special administration and a form of proxy is sent out with the notice, such form must be a “blank proxy”.
(2) A “blank proxy” is a document which—
(a)complies with the requirements in this rule, and
(b)when completed with the details specified in paragraph (4) will be a proxy as described in rule 89.
(3) A blank proxy must state that the principal named in the document (when completed) appoints a person who is named or identified as the proxy-holder of the principal.
(4) The specified details are—
(a)the name and address of the creditor, customer, member or contributory,
(b)either the name of the proxy-holder or the identification of the proxy-holder (such as the chair of the meeting or the administrator),
(c)a statement that the proxy is either—
(i)for a specific meeting, which is identified in the proxy, or
(ii)a continuing proxy for the proceedings, and
(d)if the proxy is for a specific meeting, instructions as to the extent to which the proxy-holder is directed to vote in a particular way, to abstain or to propose any resolution.
(5) When it is delivered to the principal, a blank proxy must not contain the name or description of any person as proxy-holder, or instructions as to how a proxy-holder is to act.
(6) A blank proxy must have a note to the effect that the proxy may be completed with the name of the person or the chair of the meeting who is to be proxy-holder.
(7) A form of proxy must be authenticated by the principal, or by some person authorised by that principal (either generally or with reference to a particular meeting).
(8) If the form is authenticated by a person other than the principal, the nature of the person’s authority must be stated.
Commencement Information
I1Rule 90 in force at 12.11.2021, see rule 2
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