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

Corporate representationE+W

This section has no associated Explanatory Memorandum

95.—(1) Where a person is authorised to represent a corporation (other than as proxy-holder) at a meeting held under the Regulations or these Rules, that person must produce to the chair of the meeting a copy of the resolution from which that person’s authority is derived.

(2) The copy resolution must be under the seal of the corporation, or certified by the secretary or a director of the corporation to be a true copy.

(3) Nothing in this rule requires the authority of a person to authenticate a proxy on behalf of a principal which is a corporation to be in the form of a resolution of that corporation.

Commencement Information

I1Rule 95 in force at 12.11.2021, see rule 2