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

Right of inspectionE+W

This section has no associated Explanatory Memorandum

93.—(1) So long as proxies lodged with the administrator are in the administrator’s hands, the administrator must allow them to be inspected, at all reasonable times on any business day, by—

(a)the creditors, in the case of proxies used at a meeting of creditors or at a meeting of creditors and customers;

(b)the customers, in the case of proxies used at a meeting of customers or at a meeting of creditors and customers, and

(c)the institution’s members or contributories, in the case of proxies used at a meeting of the institution or of its contributories.

(2) The reference in paragraph (1) to creditors or to customers is to persons who have submitted in writing a claim to be creditors or, as the case may be, customers of the institution, but does not include a person whose proof or claim has been wholly rejected for purposes of voting, dividend or otherwise.

(3) The right of inspection given by this rule is also exercisable by the directors of the institution in special administration.

(4) Any person attending a meeting in the course of the special administration is entitled, immediately before or during the meeting, to inspect proxies and associated documents (including proofs) sent or given, in accordance with directions contained in any notice convening the meeting, to the chair of that meeting or to any other person by a creditor, customer, member or contributory for the purpose of that meeting.

(5) This rule is subject to rule 281.

Commencement Information

I1Rule 93 in force at 12.11.2021, see rule 2