The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022

Electronic delivery of special administration documents to court

173

• (1) A document may not be delivered to the court by electronic means unless this is expressly permitted by Rules of Court.

• (2) A document delivered by electronic means is to be treated as delivered to the court at the time it is recorded by the court as having been received or otherwise as the Rules of Court provide.

Notice etc to joint administrators

174

Where there are joint office-holders in a special administration, delivery of a document to one of them is to be treated as delivery to all of them.

Delivery of statements of claim and documentary evidence of debt

175

• (1) Once a statement of claim or documentary evidence of debt has been delivered to an administrator in accordance with these Rules it need not be delivered again.

• (2) Where these Rules require such delivery by a certain time, that requirement is satisfied if that statement or evidence has already been delivered.

Electronic submission of information

176

• (1) A requirement under these Rules for information to be sent by any person to the Secretary of State or the administrator shall be treated as having been satisfied where—

• (a) the information is submitted electronically with the agreement of the person to whom the information is sent,

• (b) the form in which the electronic submission is made satisfies the requirements of the person to whom the information is sent,

• (c) all the information required is provided in the electronic submission,

• (d) the person to whom the information is sent can produce in legible form the information so submitted.

• (2) Where information is permitted to be sent electronically under paragraph (1), any requirement that the information be accompanied by a signature is taken to be satisfied—

• (a) if the identity of the person who is supplying the information and whose signature is required is confirmed in a manner specified by the recipient, or

• (b) where no such manner has been specified by the recipient, if the communication contains or is accompanied by a statement of the identity of the person who is providing the information, and the recipient has no reason to doubt the truth of that statement.

• (3) Where information has been supplied to a person, whether or not it has been supplied electronically in accordance with paragraph (2), and a copy of that information is required to be supplied to another person falling within paragraph (1), the requirements contained in paragraph (2) apply in respect of the supply of the copy to that other person, as they apply in respect of the original.

Contents of notices to be gazetted

177

• (1) Subject to rule 178, where under the Regulations or these Rules a notice is gazetted, in addition to any content specifically required by the Regulations or any other provision of these Rules, the content of such a notice must be as set out in paragraphs (2) and (3).

• (2) All gazetted notices must specify insofar as it is applicable in relation to the particular notice—

• (a) a statement that the proceedings are being held in the court and the court reference number,

• (b) the name, business address and date of appointment of the administrator,

• (c) either an email address, or a telephone number, through which the administrator may be contacted,

• (d) the name of any person other than the administrator (if any) who may be contacted regarding the proceedings,

• (e) the IP number of the administrator,

• (f) the court name and any number assigned to the special administration by the court.

• (3) All notices published must specify as regards the institution to which the notice relates—

• (a) the registered name of the institution,

• (b) its registered number,

• (c) its registered office,

• (d) any principal trading address if this is different from its registered office,

• (e) any name under which it was registered in the twelve months prior to the date of commencement of the special administration,

• (f) any name or style (other than its registered name) under which—

• (i) the institution carried on business,

• (ii) the institution received relevant funds from a customer, or

• (iii) any debt owed to a creditor was incurred.

Omission of unobtainable information

178

Information required under rule 177 to be included in a notice to be gazetted may be omitted if it is not reasonably practicable to obtain it.

The Gazette — general

179

• (1) A copy of the Gazette containing any notice required by the Regulations or these Rules to be gazetted is evidence of any facts stated in the notice.

• (2) In the case of an order of the court notice of which is required by the Regulations or these Rules to be gazetted, a copy of the Gazette containing the notice may in any proceedings be produced as conclusive evidence that the order was made on the date specified in the notice.

• (3) Where—

• (a) an order of the court which is gazetted has been varied, or

• (b) any matter has been erroneously or inaccurately gazetted,

the person whose responsibility it was to procure the requisite entry in the Gazette must as soon as is reasonably practicable cause the variation of the order to be gazetted or a further entry to be made in the Gazette for the purpose of correcting the error or inaccuracy.

• (4) A Gazette notice, variation or correction is taken to be gazetted or published on the date it first appears in either electronic or hard copy form.

Content of notices advertised other than in the Gazette

180

• (1) Subject to rule 181, where under the Regulations or these Rules a notice may be advertised otherwise than in the Gazette, in addition to any content specifically required by the Regulations or any other provision of these Rules, the content of such a notice must be as set out in this rule.

• (2) All notices published must specify insofar as it is applicable in relation to the particular notice—

• (a) the name and business address of the administrator acting in the special administration to which the notice relates,

• (b) either an email address, or a telephone number, through which the administrator may be contacted.

• (3) All notices published must specify as regards the institution to which the notice relates—

• (a) the registered name of the institution,

• (b) its registered number,

• (c) any name under which it was registered in the twelve months prior to the date on which the institution entered special administration,

• (d) any name or style (other than its registered name) under which—

• (i) the institution carried on business,

• (ii) the institution received relevant funds from a customer, or

• (iii) any debt owed to a creditor was incurred.

Non-Gazette notices — other provisions

181

• (1) The information required to be contained in a notice to which rule 180 applies must be included in the advertisement of that notice in a manner that is reasonably likely to ensure, in relation to the form of the advertising used, that a person reading, hearing or seeing the advertisement will be able to read, hear or see that information.

• (2) Information required under rule 180 to be included in a notice may be omitted if it is not reasonably practicable to obtain it.

CHAPTER 4 — Notifications to the registrar of companies

Application of Chapter 4

182

This Chapter applies where a return, notice, document or other information is to be sent or delivered to the registrar of companies under the Regulations or these Rules. For the purposes of this Chapter, “notification” means any return, notice, document or other information which is to be sent or delivered to the registrar of companies.

Information to be contained in all notifications to the registrar of companies

183

• (1) A notification to be sent to the registrar of companies under the Regulations or these Rules must specify—

• (a) the registered name of the institution,

• (b) its registered number,

• (c) the nature of the notification,

• (d) the regulation or the rule under which the notification is made,

• (e) the date of the notification,

• (f) the name and postal address of the person sending or delivering the notification,

• (g) the capacity in which that person is acting in respect of the institution.

• (2) The notification must be authenticated by the person sending or delivering the notification.

Notification relating to the administrator

184

In addition to the information required by rule 183, a notification relating to the office of the administrator must also specify—

• (a) the name and business address of the administrator,

• (b) the date of the event notified,

• (c) where the notification relates to an appointment, the person, body or court making the appointment,

• (d) where the notification relates to the termination of an appointment, the reason for that termination (for example, resignation).

Notifications relating to documents

185

In addition to the information required by rule 183, a notification relating to a document other than a court order must also specify the nature of the document, and either—

• (a) the date of the document, or

• (b) where the document relates to a period of time, the period of time to which the document relates.

Notifications relating to court orders

186

In addition to the information required by rule 183, a notification relating to a court order must also specify the following—

• (a) the nature of the court order,

• (b) the name of the court,

• (c) the date of the order.

Notifications relating to other events

187

In addition to the information required by rule 183, a notification relating to any other event (for example the coming into force of a moratorium) must specify the following—

• (a) the nature of the event including the regulation or rule under which it took place,

• (b) the date the event occurred.

Notifications of more than one nature

188

A notification which includes two or more of the types of notification set out in rules 183 to 187 must satisfy the requirements applying in respect of each of those notifications.

Notifications made to other persons at the same time

189

• (1) Where under the Regulations or these Rules a notification is to be sent to another person at the same time that it is to be sent to the registrar of companies, that requirement may be satisfied by sending to that other person a copy of the notification sent to the registrar of companies.

• (2) Paragraph (1) does not apply—

• (a) where additional information is prescribed for the notification to the other person, or

• (b) where the notification to the registrar of companies is incomplete.

CHAPTER 5 — Further provisions concerning documents

Confidentiality of documents — grounds for refusing inspection

190

• (1) The administrator may refuse inspection of a document which forms part of the records of the special administration by a person who would otherwise be entitled to inspect it where the administrator considers that the document—

• (a) should be treated as confidential, or

• (b) is of such a nature that its disclosure would be prejudicial to the conduct of the special administration or might reasonably be expected to lead to violence against any person.

• (2) The persons to whom the administrator may refuse inspection under this rule include members of the creditors’ committee.

• (3) Where the administrator refuses inspection of a document, the person wishing to inspect it may apply to the court for an order to overrule the administrator’s decision.

• (4) The court’s decision on the application may be subject to such conditions (if any) as it thinks just.

Right to copy documents

191

Where the Regulations or these Rules confer a right for any person to inspect documents, that person has a right to be supplied on request with copies of those documents, on payment of the standard fee for copies.

Charges for copy documents

192

Except where prohibited by these Rules, the administrator is entitled to require the payment of the standard fee for copies of documents requested by a creditor, customer, member, contributory or member of the creditors’ committee.

Right to have list of creditors

193

• (1) A creditor has the right to require the administrator to provide a list of the creditors and the amounts of their respective debts unless paragraph (5) applies.

• (2) The administrator on being required to furnish the list under paragraph (1)—

• (a) must send it to the person requiring the list to be furnished as soon as is reasonably practicable,

• (b) may charge the standard fee for copies for doing so.

• (3) Where any of the creditors of the institution are either—

• (a) employees or former employees of the institution, or

• (b) consumers claiming amounts paid in advance for the supply of goods or services,

the list furnished under paragraph (2) shall state the number of employees or former employees of the institution and the total of the debts owed to them, and the number of consumers claiming amounts paid in advance for the supply of goods or services and the total of the debts owed to them, but shall not include the names and addresses of such creditors.

• (4) The name and address of any creditor may be omitted from the list furnished under paragraph (2) where the administrator is of the view that its disclosure would be prejudicial to the conduct of the proceedings or might reasonably be expected to lead to violence against any person provided that—

• (a) the amount of the debt in question is shown in the list,

• (b) a statement is included in the list that the name and address of the creditor has been omitted in respect of that debt.

• (5) Paragraph (1) does not apply where a statement of affairs has been delivered to the registrar of companies.

Sederunt book

194

• (1) The administrator must maintain a sederunt book (“the sederunt book”) during their term of office for the purpose of providing an accurate record of the insolvency proceedings.

• (2) Without prejudice to the generality of the above, the administrator must include in the sederunt book a copy of anything else required to be recorded in it by any provision of the Regulations or these Rules.

• (3) The administrator must make the sederunt book available for inspection at all reasonable hours by any interested person.

• (4) Any entry in the sederunt book is sufficient evidence of the facts stated in it, except where it is relied upon by the administrator in the administrator’s own interest.

• (5) The administrator must retain, or make arrangements for the retention of, the sederunt book for a period of not less than six years after the end of the special administration or (if later) the release of the last person to hold office as administrator in the special administration.

Transfer and disposal of institution’s books, papers and other records

195

• (1) Where an institution is in special administration, the administrator must dispose of the books, papers and records of the institution in accordance with the directions of—

• (a) the creditors’ committee (if there is one), or

• (b) where there is no creditors’ committee, the court.

• (2) If no directions under paragraph (1) have been given by the expiry of the period of 12 months after the date of dissolution of the institution, the administrator may dispose of the institution’s books, papers and records in such a way as the administrator considers appropriate.

• (3) An administrator or former administrator (“A”) must within fourteen days of a request by the Secretary of State give the Secretary of State particulars of any money in A’s hands or under A’s control representing unclaimed or undistributed assets of the institution or dividends or other sums due to any person as a member or former member of the institution.

CHAPTER 6 — Periods of time and caution

Periods of time expressed in days

196

• (1) This rule applies to the calculation of a period of time expressed in days.

• (2) A period of time expressed as a number of days is to be computed as clear days.

• (3) In this rule, “clear days” means that in computing the number of days the following are not included—

• (a) the day on which the period begins,

• (b) if the end of the period is defined by reference to an event, the day on which that event occurs.

Periods of time expressed in months

197

• (1) This rule applies to the calculation of a period of time expressed in months.

• (2) The beginning and the end of a period expressed in months are to be determined as follows—

• (a) if the beginning of the period is specified—

• (i) the month in which the period ends is the specified number of months after the month in which it begins,

• (ii) the date in the month on which the period ends is—

• (aa) the day before the date corresponding to the date in the month on which it begins, or

• (bb) if there is no such date in the month in which it ends, the last day of that month,

• (b) if the end of the period is specified—

• (i) the month in which the period begins is the specified number of months before the month in which it ends,

• (ii) the date in the month on which the period begins is—

• (aa) the day after the date corresponding to the date in the month on which it ends, or

• (bb) if there is no such date in the month in which it begins, the last day of that month.

Administrator’s caution

198

• (1) Wherever under these Rules any person has to appoint or certify the appointment of an administrator, that person must, before making or certifying the appointment, be satisfied that the person appointed or to be appointed has caution for the proper performance of that office.

• (2) It is the duty of the creditors’ committee to review from time to time the adequacy of the administrator’s caution.

• (3) The cost of the administrator’s caution must be paid as an expense of the proceedings.

Service on joint administrators

199

Where there are joint administrators in a special administration, service on one of them is to be treated as service on all of them.

CHAPTER 7 — Transfer of proceedings

Proceedings commenced in the wrong court

200

Where a special administration is commenced in a court other than the Court of Session, that court may order the transfer of the proceedings to the Court of Session.

Proceedings other than special administration commenced

201

• (1) The FCA may apply to the court to order that the proceedings be converted to a special administration where—

• (a) a winding up order or a Schedule B1 administration order has been made in respect of an institution, or

• (b) a resolution has been made for the winding up of or for the appointment of a Schedule B1 administrator of an institution.

• (2) In making an order under paragraph (1) the court may give such directions as it sees fit, including directions as to the former officer-holder’s remuneration and expenses.

• (3) An application under paragraph (1) may be made without notice.

• (4) Without prejudice to the generality of the court’s power in paragraph (2), where the person appointed as office-holder under the original proceedings (‘P’) is not the same person as the administrator in the special administration, the court may direct that—

• (a) P be sent a copy of the order under paragraph (1) by the administrator,

• (b) P hand over—

• (i) the records of the original proceedings, including correspondence, statements of claim and other related papers appertaining to those proceedings while they were within P’s responsibility,

• (ii) the institution’s books, papers and other records,

• (iii) all the assets of the institution and the relevant funds held by the institution in P’s possession.

• (5) In this rule—

• (a) “office-holder” means provisional liquidator, liquidator or Schedule B1 administrator as the case may be,

• (b) “original proceedings” means the proceedings following the making of the winding up order, the Schedule B1 administration order or the resolution referred to in paragraph (1).

PART 13 — General interpretation and application

Introduction

202

Any definition given in this Part applies except and in so far as the context otherwise requires.

Venue

203

Reference to a “venue”—

• (a) in relation to any proceeding or attendance before the court is to the time, date and place or platform for the proceeding or attendance,

• (b) in relation to a meeting is to the time, date and place for the meeting, but

in the case of a meeting to be conducted and held in accordance with rule 78(2) or section 246A(3) of IA 1986, is to the time and date for the meeting and the arrangements the administrator proposes to enable persons to exercise their rights to speak and vote at the meeting.

Insolvent estate and institution’s assets

204

References to “the insolvent estate” are to the institution’s assets.

“Debt”

205

• (1) Subject to paragraph (2), “debt” means any of the following—

• (a) any debt or liability to which the institution is subject on the date on which the institution entered special administration,

• (b) any debt or liability to which the institution may become subject after that date by reason of any obligation incurred before that date,

• (c) any interest entitled to be claimed as mentioned in rule 122.

• (2) In paragraph (1)(a), the reference to debt or liability includes a shortfall claim even if the shortfall claim is incurred after the date on which the institution entered special administration.

Application of the IA 1986 and the Company Directors Disqualification Act 1986

206

For the purposes of these Rules, any reference in IA 1986 or the Company Directors Disqualification Act 1986[^f00023] to “leave” of the court is to be construed as meaning “permission” of the court.

SCHEDULE — Punishment of offences

Rule creating offence	General nature of offence	Mode of prosecution	Maximum Penalty	Daily default fine (where applicable)
Rule 86	Administrator failing to send a progress report	Summary	A fine not exceeding level 3 on the standard scale	One-tenth of level 3 on the standard scale
Rule 117	False statement of claim or documentary evidence or other evidence which is false	1. On indictment	2 years’ imprisonment, or a fine, or both.	Not applicable
		2. Summary	12 months’ imprisonment, or a fine not exceeding the statutory maximum, or both.
Rule 118	Failing to comply with an order requiring attendance for private examination	Summary	3 month’s imprisonment, or a fine not exceeding level 5 on the standard scale, or both	Not applicable
Rule 142	Failure to comply with administrator’s duties on vacating office	Summary	A fine not exceeding level 3 on the standard scale	One-tenth of level 3 on the standard scale
Rule 159	False representation of status for purpose of inspecting documents	1. On indictment	2 years imprisonment or a fine, or both	Not applicable
		2. Summary	6 months imprisonment, or a fine, or both

Signed

Nigel Huddleston — Amanda Solloway — Two of the Lords Commissioners of His Majesty’s Treasury — 25th November 2022

Explanatory note

(This note is not part of the Rules)

EXPLANATORY NOTE

These Rules set out the procedure in Scotland for the payment institution special administration process or electronic money institution special administration process (as the case may be) under the Payment and Electronic Money Institution Insolvency Regulations 2021, S.I. 2021/716 (“the Regulations”).

The main features of the special administration process in each case under the Regulations are that—

• (a) an administrator is appointed, and the institution enters special administration, by court order,

• (b) special administration objectives and procedures apply,

• (c) specific provision is made about how those procedures apply to small institutions,

• (d) the administrator is to pursue the special administration objectives in accordance with the statement of proposals,

• (e) in other respects the procedure is the same as for administration under Schedule B1 to the Insolvency Act 1986 (c. 45), subject to modifications and the inclusion of certain liquidation provisions of that Act.

Part 2 of the Rules sets out the procedure for applying for a special administration order.

Part 3 of the Rules sets out the process of the special administration.

Part 4 of the Rules provides for the expenses of the special administration.

Part 5 of the Rules sets out the rules concerning relevant funds claims.

Part 6 of the Rules provides for the pursuit of Objective 1 from the Regulations (relating to the return of relevant funds).

Part 7 of the Rules provides for claims by and distributions to creditors.

Part 8 of the Rules sets out rules concerning the administrator and there are further rules concerning the administrator in Chapter 6 of Part 12.

Part 9 of the Rules provides for the end of the special administration.

Part 10 of the Rules sets out special rules in respect of court procedure and practice.

Part 11 of the Rules provides for the application of section 216 of the Insolvency Act 1986 (prohibited names).

Part 12 of the Rules contains provisions of general effect.

Part 13 of the Rules provides for general interpretation and application.

The Rules apply to institutions incorporated as companies, but not to the types of institution that are excluded from the application of the Regulations.

A de minimis impact assessment of the effect these Rules will have on business and the voluntary sector is available from HM Treasury, 1 Horseguards Road, London SW1A 2HQ or on www.gov.uk and is published alongside these Rules on www.legislation.gov.uk.

Footnotes

[^f00001]: 1986 c. 45.

[^f00002]: S.I. 2021/716.

[^f00003]: 1971 c. 80.

[^f00004]: 1892 c. 17. See S.I. 1993/769.

[^f00005]: 1972 c. 59.

[^f00006]: 2013 c. 33.

[^f00007]: Section 176A was inserted by section 252 of the Enterprise Act 2002 (c. 40).

[^f00008]: S.I. 2003/2097.

[^f00009]: 2006 c. 46.

[^f00010]: Section 235 was modified by S.I. 2021/716. There are other amending instruments, but none is relevant.

[^f00011]: S.I. 2017/752, amended by S.I. 2017/1173, 2018/1021. There are other amending instruments but none is relevant.

[^f00012]: S.I. 2011/99, amended by S.I. 2013/3115, 2015/575, 2017/252, 2017/1173, 2018/1021. There are other amending instruments, but none is relevant.

[^f00013]: 1835 c. 62.

[^f00014]: 2006 c. 46; section 323 was amended by S.I. 2009/1632.

[^f00015]: Section 246A was inserted by S.I. 2010/18.

[^f00016]: 1995 c. 7.

[^f00017]: Amendments have been made to Schedule 6 of the IA 1986 which are not relevant to this instrument.

[^f00018]: 1907 c. 24.

[^f00019]: Section 386(1) was amended by section 251(3) of the Enterprise Act 2002 (c. 40), section 13(2) of the Financial Services (Banking Reform) Act 2013 (c. 33), section 98(1)(a) of the Finance Act 2020 (c. 14), S.I. 2014/3486 and S.I. 2015/486.

[^f00020]: Section 242 was amended by section 248(3) of the Enterprise Act 2002 and S.I. 2016/1034.

[^f00021]: 2000 c. 8; section 382(1) was amended by Schedule 9 to the Financial Services Act 2012 (c. 21), paragraph 21(2).

[^f00022]: Section 175 was amended by section 2(1) of the Corporate Insolvency and Governance Act 2020 (c. 12) and S.I. 2014/3486.

[^f00023]: 1986 c. 46.

Editorial notes

[^key-1f67a8ce3ce58d17b7879870b6b6e9a5]: Rule 1 in force at 19.12.2022, see rule 2

[^key-7d5fbfd3b63fbd6794fe83bc47a343fb]: Rule 2 in force at 19.12.2022, see rule 2

[^key-415a873fb75a1a0b4fa0be7819e7877b]: Rule 3 in force at 19.12.2022, see rule 2

[^key-c4939b68c9ae5635415a562e6b15095b]: Rule 4 in force at 19.12.2022, see rule 2

[^key-a04f3085ed4730d8983a5d454085c5b4]: Rule 5 in force at 19.12.2022, see rule 2

[^key-a16191a6d1eb24758de6a342739b086d]: Rule 6 in force at 19.12.2022, see rule 2

[^key-eda2ce2b97dee9b0185c5c5ceba9e300]: Rule 7 in force at 19.12.2022, see rule 2

[^key-49cdacf192c13bc26988c549cb0eacd3]: Rule 8 in force at 19.12.2022, see rule 2

[^key-d331cc0671ef45a6e4e5fa1a8a5a1b55]: Rule 9 in force at 19.12.2022, see rule 2

[^key-42f79e9ed4c64b1faf8bf993486496ab]: Rule 10 in force at 19.12.2022, see rule 2

[^key-7107d41883a54c338bccfe7250d8a3e5]: Rule 11 in force at 19.12.2022, see rule 2

[^key-a19753fba24c992ce05b0af844f2db1e]: Rule 12 in force at 19.12.2022, see rule 2

[^key-cb1212b3e7466a84aff13c8ea6612cda]: Rule 13 in force at 19.12.2022, see rule 2

[^key-ae0c7da5cde480d4dcf5371c7d53c698]: Rule 14 in force at 19.12.2022, see rule 2

[^key-8008cb5e8b35afaabfd6ba429d45dc0e]: Rule 15 in force at 19.12.2022, see rule 2

[^key-db597fe942602384ff6fd0c61cc9783e]: Rule 16 in force at 19.12.2022, see rule 2

[^key-158ccf8a01d5ed24c3fa5398dc549050]: Rule 17 in force at 19.12.2022, see rule 2

[^key-863da7a122b08df980c83090f409ac62]: Rule 18 in force at 19.12.2022, see rule 2

[^key-0dd9454b92452e7e8fce5cf0f398af9f]: Rule 19 in force at 19.12.2022, see rule 2

[^key-cab45e7e8ad99f569b35fdaa141b46bd]: Rule 20 in force at 19.12.2022, see rule 2

[^key-12a0d27e2ad63bd2b3d7a205b22118d9]: Rule 21 in force at 19.12.2022, see rule 2

[^key-ccc0c2ec52c418718d7a79ca3e27ddc6]: Rule 22 in force at 19.12.2022, see rule 2

[^key-07f6970d9e20ff7091a307b879694e30]: Rule 23 in force at 19.12.2022, see rule 2

[^key-e80391b943f9f5679fad289315379a63]: Rule 24 in force at 19.12.2022, see rule 2

[^key-2e61096ec5a3ec9c03e0b71dfa8cf449]: Rule 25 in force at 19.12.2022, see rule 2

[^key-d11f62536778ef0d257388bb11ff7919]: Rule 26 in force at 19.12.2022, see rule 2

[^key-9e2271a71db601c1e681343267604bc2]: Rule 27 in force at 19.12.2022, see rule 2

[^key-b1f4b7843d75b51eec8d1109bcd36f87]: Rule 28 in force at 19.12.2022, see rule 2

[^key-784b2e2e62c6f78383b34556063ca7e5]: Rule 29 in force at 19.12.2022, see rule 2

[^key-fac7f7ae580ff1f331dac3bc527e8f40]: Rule 30 in force at 19.12.2022, see rule 2

[^key-ce0e64f1532bd74d446205cc311445b2]: Rule 31 in force at 19.12.2022, see rule 2

[^key-5bcfb15f8a74d81565e7f92f05f240ad]: Rule 32 in force at 19.12.2022, see rule 2

[^key-bd59e110af9f68b9aa8efaf1e8956102]: Rule 33 in force at 19.12.2022, see rule 2

[^key-2a734c445c6e4917b4942029b65b9193]: Rule 34 in force at 19.12.2022, see rule 2

[^key-d065b2ceba7544d59acffcc8b3e3e37c]: Rule 35 in force at 19.12.2022, see rule 2

[^key-aabbfb9527a0bc5a4ae424ebc227a561]: Rule 36 in force at 19.12.2022, see rule 2

[^key-3c68953bd0627440303c026a35e503d1]: Rule 37 in force at 19.12.2022, see rule 2

[^key-fd585aa417cc572a4fc7ea01d2a743a0]: Rule 38 in force at 19.12.2022, see rule 2

[^key-9f987e1fcabeeb61971afa76c7ac811d]: Rule 39 in force at 19.12.2022, see rule 2

[^key-b2f97db0259099d20c3f5aa3865adfb1]: Rule 40 in force at 19.12.2022, see rule 2

[^key-d3d1451385e54e6780fe31bb0c12c521]: Rule 41 in force at 19.12.2022, see rule 2

[^key-23b39de925f23ac4dbd048bfe71d8b3f]: Rule 42 in force at 19.12.2022, see rule 2

[^key-3459a1872192a118d986ccfa97d25560]: Rule 43 in force at 19.12.2022, see rule 2

[^key-cce423fa9097d6d6f59f749484f8b10c]: Rule 44 in force at 19.12.2022, see rule 2

[^key-b4a11fa1ea4b67be2b35ce65f890e1df]: Rule 45 in force at 19.12.2022, see rule 2

[^key-73be7872cc905b912139e95583d26baa]: Rule 46 in force at 19.12.2022, see rule 2

[^key-5742ea3c6df125598a1eb62205b0922b]: Rule 47 in force at 19.12.2022, see rule 2

[^key-294eeaddd636b59e413795cb82c8fc74]: Rule 48 in force at 19.12.2022, see rule 2

[^key-4b22f8bd0e26effaf2baf17a16f11810]: Rule 49 in force at 19.12.2022, see rule 2

[^key-255fc65a6effe049f084319d10a72231]: Rule 50 in force at 19.12.2022, see rule 2

[^key-590f77b957b278bf4f3619b7062280c6]: Rule 51 in force at 19.12.2022, see rule 2

[^key-5acf224e16687b7a61f1797f8a69b79f]: Rule 52 in force at 19.12.2022, see rule 2

[^key-a8df224082c5c525fb33966c8443a3fc]: Rule 53 in force at 19.12.2022, see rule 2

[^key-a0c87f78d87c36faf7db844d14ee7a5b]: Rule 54 in force at 19.12.2022, see rule 2

[^key-71e4aff4d1ffec7b854a93645b24284c]: Rule 55 in force at 19.12.2022, see rule 2

[^key-b99c38d54967879a5f70aed3ed8f0e1f]: Rule 56 in force at 19.12.2022, see rule 2

[^key-2474c2e5dd24a4c4553286593f6a1e68]: Rule 57 in force at 19.12.2022, see rule 2

[^key-ed8abe37a24a5085fb89ba0f212dc641]: Rule 58 in force at 19.12.2022, see rule 2

[^key-4923607654f9b247427c8379b5654fa3]: Rule 59 in force at 19.12.2022, see rule 2

[^key-fcab73ae9e52de9e56909c9c5cb860f7]: Rule 60 in force at 19.12.2022, see rule 2

[^key-ef45f15b1a2979dbf1298e283ed1b0e9]: Rule 61 in force at 19.12.2022, see rule 2

[^key-3802d9f9807d5d1ceedfb419804b3dc6]: Rule 62 in force at 19.12.2022, see rule 2

[^key-cd68467b36a58733a6ccb522f86d9b64]: Rule 63 in force at 19.12.2022, see rule 2

[^key-afc321323492f1e54e7dbafa12189155]: Rule 64 in force at 19.12.2022, see rule 2

[^key-47a937be97912fca2fdf8b2207a043ef]: Rule 65 in force at 19.12.2022, see rule 2

[^key-549bed738f7ba5ada098f54ecfd39527]: Rule 66 in force at 19.12.2022, see rule 2

[^key-74f54b4ae607ba2258451826515a8ff8]: Rule 67 in force at 19.12.2022, see rule 2

[^key-dd840cc16c0f831e7f53dbddeb2d7e02]: Rule 68 in force at 19.12.2022, see rule 2

[^key-0bab0bd27b8e1ed06733ac740eefb2c7]: Rule 69 in force at 19.12.2022, see rule 2

[^key-9d7060d5a100a1027bfc5f3574e2c71a]: Rule 70 in force at 19.12.2022, see rule 2

[^key-228899dd6de87b04bcefefb89b686028]: Rule 71 in force at 19.12.2022, see rule 2

[^key-638b45cb0f3821149ef1009b3fa3b6b6]: Rule 72 in force at 19.12.2022, see rule 2

[^key-02bd86520570128aeb4dfe21027407ff]: Rule 73 in force at 19.12.2022, see rule 2

[^key-daf256c920e1bb4802f328c855fa1d23]: Rule 74 in force at 19.12.2022, see rule 2

[^key-c319c06d8e6708cdf07386b36d223604]: Rule 75 in force at 19.12.2022, see rule 2

[^key-0c53d1dbf182d61b7c3e1de7a97273b2]: Rule 76 in force at 19.12.2022, see rule 2

[^key-72c9d98fb6e3c8d9ebbcd5f97b5cb57e]: Rule 77 in force at 19.12.2022, see rule 2

[^key-1d566d504ef6ec12e0843bab664ee806]: Rule 78 in force at 19.12.2022, see rule 2

[^key-fda9b26e8fe1f115d4589f18a607e405]: Rule 79 in force at 19.12.2022, see rule 2

[^key-93ca5de575e5d8597f36d1eb6e4262d6]: Rule 80 in force at 19.12.2022, see rule 2

[^key-29e59b029fe91cc9def665bacf4e9a49]: Rule 81 in force at 19.12.2022, see rule 2

[^key-f550f99dda00f098c145450ee786b060]: Rule 82 in force at 19.12.2022, see rule 2

[^key-204e21e51c37cc5ae751404c18c1599e]: Rule 83 in force at 19.12.2022, see rule 2

[^key-d47cf4f6b8d6acb3b6a5f343f308f7eb]: Rule 84 in force at 19.12.2022, see rule 2

[^key-aadd2140f6fcd7832fc037bdb44eff02]: Rule 85 in force at 19.12.2022, see rule 2

[^key-db9eecef6ba496d0ce711a2ce31b39aa]: Rule 86 in force at 19.12.2022, see rule 2

[^key-2b2fc5c0c58eb10d4fb2ef23ab564e4d]: Rule 87 in force at 19.12.2022, see rule 2

[^key-93fe46692873c0b2d12eac8543d6daa5]: Rule 88 in force at 19.12.2022, see rule 2

[^key-d6d6455efbb5ba8d223e07905a3d4af4]: Rule 89 in force at 19.12.2022, see rule 2

[^key-c8b06a1f8bef8dfb4dca210d2d421a7a]: Rule 90 in force at 19.12.2022, see rule 2

[^key-f2f1bc88a3a12d721924a71ab3e4d38a]: Rule 91 in force at 19.12.2022, see rule 2

[^key-0a95c9ba2824fab7cd02be557c73abca]: Rule 92 in force at 19.12.2022, see rule 2

[^key-200d3ff2b8f08d12f93634c934472ea6]: Rule 93 in force at 19.12.2022, see rule 2

[^key-b964418d45cd94cf999bf9416f58180b]: Rule 94 in force at 19.12.2022, see rule 2

[^key-015a9e599060a02f7fd38648f57e8b99]: Rule 95 in force at 19.12.2022, see rule 2

[^key-75e86c9a98818e0c6bda9ae84c7e9203]: Rule 96 in force at 19.12.2022, see rule 2

[^key-6f963889202f6cf39527a7cc31d25b5a]: Rule 97 in force at 19.12.2022, see rule 2

[^key-39a9df5394075c6b801d31363bb27cbf]: Rule 98 in force at 19.12.2022, see rule 2

[^key-a3fb8a88db86050cec2be42babf6044c]: Rule 99 in force at 19.12.2022, see rule 2

[^key-a13c10ef04b429c6efe9390b3a60cdbc]: Rule 100 in force at 19.12.2022, see rule 2

[^key-7575f21b626b4d3c16060016a87ecada]: Rule 101 in force at 19.12.2022, see rule 2

[^key-69e7d3164cb684cfebd56154c28dc928]: Rule 102 in force at 19.12.2022, see rule 2

[^key-0c273c0d7fde2b842580172800f8d420]: Rule 103 in force at 19.12.2022, see rule 2

[^key-ed1e72d99cd13dce566c3e776d8d059a]: Rule 104 in force at 19.12.2022, see rule 2

[^key-942885ca8c900d6b6d85b151fc80a43f]: Rule 105 in force at 19.12.2022, see rule 2

[^key-1e58cdb3d644f739adc8ee77e8133433]: Rule 106 in force at 19.12.2022, see rule 2

[^key-4e92dea069de1dc8960ac2354771e921]: Rule 107 in force at 19.12.2022, see rule 2

[^key-c2c0982931600b9696b4c285413ed0f2]: Rule 108 in force at 19.12.2022, see rule 2

[^key-06bf56042219b7be9f6f43de7034a858]: Rule 109 in force at 19.12.2022, see rule 2

[^key-e1ea74985c72ff8816040c9481f22b85]: Rule 110 in force at 19.12.2022, see rule 2

[^key-240944b088319e582823f12f8b7b119a]: Rule 111 in force at 19.12.2022, see rule 2

[^key-eddfafc00c32506dd4a23241b780983e]: Rule 112 in force at 19.12.2022, see rule 2

[^key-3333e9a22fdf85e9a228ef1ae9402eb7]: Rule 113 in force at 19.12.2022, see rule 2

[^key-7b51c4e316953a292a69043b6066412b]: Rule 114 in force at 19.12.2022, see rule 2

[^key-c541339912e2b4164858518c8c49d8ef]: Rule 115 in force at 19.12.2022, see rule 2

[^key-555a8b9f880cdb25165b690e39413b67]: Rule 116 in force at 19.12.2022, see rule 2

[^key-921d969f5cea6a83d0e56f0a9b39a031]: Rule 117 in force at 19.12.2022, see rule 2

[^key-28081f3f308815f1404c3af0ed252d13]: Rule 118 in force at 19.12.2022, see rule 2

[^key-935a4c7477f220b88fef6a7ac3580824]: Rule 119 in force at 19.12.2022, see rule 2

[^key-7c60dc98ae3d1011178722727f5b97b5]: Rule 120 in force at 19.12.2022, see rule 2

[^key-6dcdf991cb938e3d6c26c9ba3b1ba778]: Rule 121 in force at 19.12.2022, see rule 2

[^key-17b471d5c8c68c8e540105fb9ad31727]: Rule 122 in force at 19.12.2022, see rule 2

[^key-cf210797679b94391f81947c1d2da96e]: Rule 123 in force at 19.12.2022, see rule 2

[^key-61a1fe7d65e00e2023cd75449324adde]: Rule 124 in force at 19.12.2022, see rule 2

[^key-0f8bd894637abcd6b976279ccde369d8]: Rule 125 in force at 19.12.2022, see rule 2

[^key-d7e0969171a8f3459d8ec199bda051a4]: Rule 126 in force at 19.12.2022, see rule 2

[^key-f8efd9b0716adc8f4e8d22f2b4111e33]: Rule 127 in force at 19.12.2022, see rule 2

[^key-00796c34810e78d06c3edc84d17db26f]: Rule 128 in force at 19.12.2022, see rule 2

[^key-d1b85e5508c7f8be2608e9dd05ddd390]: Rule 129 in force at 19.12.2022, see rule 2

[^key-765959d323c1e47895bffaa639ff7e0e]: Rule 130 in force at 19.12.2022, see rule 2

[^key-a920b7359eb9ba883093657e13c8f899]: Rule 131 in force at 19.12.2022, see rule 2

[^key-1518e4a6150ecf36b67cb79d8b2ce20c]: Rule 132 in force at 19.12.2022, see rule 2

[^key-5a56c3c680e55db9bcd6e82d692c7c74]: Rule 133 in force at 19.12.2022, see rule 2

[^key-29adfff1c7899a21e9a6592532bf86d4]: Rule 134 in force at 19.12.2022, see rule 2

[^key-52b942b247711a072c00dcc9e76fffb2]: Rule 135 in force at 19.12.2022, see rule 2

[^key-55e5343a947b3a8e19b155f4e60e8683]: Rule 136 in force at 19.12.2022, see rule 2

[^key-d7024f9011bcbad3b6379fb15d06b877]: Rule 137 in force at 19.12.2022, see rule 2

[^key-49a741e096dfcbd908ec3d0668762a42]: Rule 138 in force at 19.12.2022, see rule 2

[^key-8d728601ee947b65ef439cf3d7b0d7d8]: Rule 139 in force at 19.12.2022, see rule 2

[^key-e30027cbf7d80b46797277f40bb3cb59]: Rule 140 in force at 19.12.2022, see rule 2

[^key-93a78f289621d805ab5a5ccffa4ecaba]: Rule 141 in force at 19.12.2022, see rule 2

[^key-80da52eea0dd34911ec6a021636cd89b]: Rule 142 in force at 19.12.2022, see rule 2

[^key-33719a8e192d34809a78a10c78d7654e]: Rule 143 in force at 19.12.2022, see rule 2

[^key-72e35fbea8eb31b128e12a8c8fb26d05]: Rule 144 in force at 19.12.2022, see rule 2

[^key-73f240fc46e2d03e85d565cc370ec60b]: Rule 145 in force at 19.12.2022, see rule 2

[^key-c07e1d667c68784820f60719e4b16d4b]: Rule 146 in force at 19.12.2022, see rule 2

[^key-f33ce679bf1eaa4b604b5e5f07fd2cb0]: Rule 147 in force at 19.12.2022, see rule 2

[^key-96f8acfa4f2d725f609551e2a6da0047]: Rule 148 in force at 19.12.2022, see rule 2

[^key-25b8f505cf6acd9dfb5bfeb0b735e204]: Rule 149 in force at 19.12.2022, see rule 2

[^key-dda4025c0ab3acee1bcf04a0ed1e062e]: Rule 150 in force at 19.12.2022, see rule 2

[^key-3ec51b2c42e0e62c89d8a3aa9ef4c8e2]: Rule 151 in force at 19.12.2022, see rule 2

[^key-1ce0f49509d6e76db8659eea209ed4d4]: Rule 152 in force at 19.12.2022, see rule 2

[^key-11747ed497f4c04219f1630ec736a165]: Rule 153 in force at 19.12.2022, see rule 2

[^key-f9450b84688f2d81dcbe04443f2ffd3c]: Rule 154 in force at 19.12.2022, see rule 2

[^key-0ee982fc7769e680c91a77278b5bcc79]: Rule 155 in force at 19.12.2022, see rule 2

[^key-71c4827dea62f23672723e3421d4e09f]: Rule 156 in force at 19.12.2022, see rule 2

[^key-0188e8091b61e0efcb1fb2e91a05dd8e]: Rule 157 in force at 19.12.2022, see rule 2

[^key-0d4e5538dd9441b77c2ff880cac8f206]: Rule 158 in force at 19.12.2022, see rule 2

[^key-617e0755c60a2598747650b7e45f09d5]: Rule 159 in force at 19.12.2022, see rule 2

[^key-e5f40fdb7568d49028601030a7856afb]: Rule 160 in force at 19.12.2022, see rule 2

[^key-d0d4a6eba7b8d97f94fb12e958c399ba]: Rule 161 in force at 19.12.2022, see rule 2

[^key-74bd4f2ba398aa4224b832616c2afac4]: Rule 162 in force at 19.12.2022, see rule 2

[^key-ad487c140bcaf060dfc8433088a1b220]: Rule 163 in force at 19.12.2022, see rule 2

[^key-8d9abbc9809f651fb25e7adeba2e9d92]: Rule 164 in force at 19.12.2022, see rule 2

[^key-d5f354a8a1049943857ce66abe4951d1]: Rule 165 in force at 19.12.2022, see rule 2

[^key-105b72af0c1cade54a0787c89f7d146b]: Rule 166 in force at 19.12.2022, see rule 2

[^key-a862fd1e87f0dc665978eae0fb077cec]: Rule 167 in force at 19.12.2022, see rule 2

[^key-12318c9e7bb1f2f778788d743527f8e9]: Rule 168 in force at 19.12.2022, see rule 2

[^key-69a81e68bd6cf53502da696c3cb3d17e]: Rule 169 in force at 19.12.2022, see rule 2

[^key-aabcece2a166af86565d4d833e773840]: Rule 170 in force at 19.12.2022, see rule 2

[^key-17a7a3d38c0617de5f3c9c95fd21aacb]: Rule 171 in force at 19.12.2022, see rule 2

[^key-eae5f65c2fc139be893faaea229af29b]: Rule 172 in force at 19.12.2022, see rule 2

[^key-f130f7444ab739780149b3659d8942ea]: Rule 173 in force at 19.12.2022, see rule 2

[^key-fd2b1822a287cf07a9a8211d9380946a]: Rule 174 in force at 19.12.2022, see rule 2

[^key-6b3fe5f22bfd6494d5069b9fd5eeb201]: Rule 175 in force at 19.12.2022, see rule 2

[^key-d3858c2aa69a87cdf4e8ee35677dfefa]: Rule 176 in force at 19.12.2022, see rule 2

[^key-5f0f9f7d0493430265b7c42c2972ef4c]: Rule 177 in force at 19.12.2022, see rule 2

[^key-9f894ccec550bc97bd95f221b5a97c5d]: Rule 178 in force at 19.12.2022, see rule 2

[^key-96183f48360157cabcd5b3f3b9ed0b29]: Rule 179 in force at 19.12.2022, see rule 2

[^key-aeabef37eea5ba512ef4a967575260af]: Rule 180 in force at 19.12.2022, see rule 2

[^key-1a531d3f444782e868e1af00bd905322]: Rule 181 in force at 19.12.2022, see rule 2

[^key-9204a934bab7b8f4b1cf46da347dc540]: Rule 182 in force at 19.12.2022, see rule 2

[^key-998b493d99f843d5cb1bc2faa096cb7b]: Rule 183 in force at 19.12.2022, see rule 2

[^key-d92f287d96f818109c7364141a7f1be2]: Rule 184 in force at 19.12.2022, see rule 2

[^key-5fb5526774bd861b8adb1d961438f2d4]: Rule 185 in force at 19.12.2022, see rule 2

[^key-c1656068fbb17b7dd64e0bd0dc719f6e]: Rule 186 in force at 19.12.2022, see rule 2

[^key-b3d19129b9fa422206a34cc0e0a321f4]: Rule 187 in force at 19.12.2022, see rule 2

[^key-e8c0a509505d333942e554a0e3b82f60]: Rule 188 in force at 19.12.2022, see rule 2

[^key-8d18bbfe207f324b1329899817f15c73]: Rule 189 in force at 19.12.2022, see rule 2

[^key-142244efa104337f9e6a62b6ec134d7c]: Rule 190 in force at 19.12.2022, see rule 2

[^key-0a7401a869ed7d116b173df3cddf860a]: Rule 191 in force at 19.12.2022, see rule 2

[^key-e70c0666520394f262546521ac9349a0]: Rule 192 in force at 19.12.2022, see rule 2

[^key-5860bea95df6e97e4e970229d342e912]: Rule 193 in force at 19.12.2022, see rule 2

[^key-876464a134753e0e9de0567e3ee15fc3]: Rule 194 in force at 19.12.2022, see rule 2

[^key-4aef96dc390f0b8cdca47102ceec20cb]: Rule 195 in force at 19.12.2022, see rule 2

[^key-c2811cf8136210ae587cecfd0351a0ec]: Rule 196 in force at 19.12.2022, see rule 2

[^key-a262377eb5a74cb9e67dc36f5a65af58]: Rule 197 in force at 19.12.2022, see rule 2

[^key-d0dbef4051071996c781712742888816]: Rule 198 in force at 19.12.2022, see rule 2

[^key-85f2eeea492b559b1bdb29002ddaf15f]: Rule 199 in force at 19.12.2022, see rule 2

[^key-2a093395aa33a15b2744177a7ee5c578]: Rule 200 in force at 19.12.2022, see rule 2

[^key-afb4b6b8bb5f48a68a7fe6b4ee4b9cd7]: Rule 201 in force at 19.12.2022, see rule 2

[^key-a78221cb3fcc44df56f0eb9c3b67eff0]: Rule 202 in force at 19.12.2022, see rule 2

[^key-fca799ba3c8025199b67c50899d99588]: Rule 203 in force at 19.12.2022, see rule 2

[^key-23c8e3d442561cd438688b5d2c8d5e41]: Rule 204 in force at 19.12.2022, see rule 2

[^key-69a02b4455bca8572e27b42967749fbf]: Rule 205 in force at 19.12.2022, see rule 2

[^key-16c044eda4cfa6124686ab4eeeaf222f]: Rule 206 in force at 19.12.2022, see rule 2

[^key-badbfb0d6c75419bb33024aadd2f4ebe]: Sch. in force at 19.12.2022, see rule 2

[^key-1f81997caff611e271b2388d3c5471cb]: Rule 166A inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(13)

[^key-6fe56b43f68bef976cc74c811a362b32]: Word in rule 10(b) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(2)

[^key-a7152b5ada43fc05ab38a6b9e9cdcab1]: Word in rule 15(3)(b) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(3)(a)

[^key-1e36c95d074848fd8424145118f057a6]: Rule 15(5) omitted (26.2.2025) by virtue of The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(3)(b)

[^key-73ca0bf4cf702460c6d573f4ac43353d]: Rule 16(3A) inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(4)(b)

[^key-3880b385b5191e04d6d0ca9a4773517f]: Rule 16(3)(e)-(g) inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(4)(a)

[^key-420223b95e2b4852de501ff4cc890c83]: Words in rule 22(1) omitted (26.2.2025) by virtue of The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(5)

[^key-1d3e5b22b8b56fdd1d5dd88c8456848b]: Word in rule 24(2)(m) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(6)

[^key-f848a1a40016e922d644f43e002ee1ac]: Words in rule 60(11) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(7)

[^key-e036b01931fff09be4f734f55c9a985f]: Word in rule 85(2)(b)(ii) inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(8)

[^key-89e2d15980d099d581315caed3d71576]: Word in rule 119(4) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(9)(a)

[^key-0bd0e95db1119e9358d0e245dae850dd]: Word in rule 119(5) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(9)(b)

[^key-268dde82325011c982d04df7fee05c58]: Word in rule 127(2)(a)(iii) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(10)(a)

[^key-e00e43a224a9b807c6a74ef55ec4e8ea]: Word in rule 127(5) inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(10)(b)

[^key-b344681581068d33c76d69aa7917f69c]: Word in rule 128(5)(b) inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(11)

[^key-018e3e80b56d3af8c0f4f237de915b91]: Rule 165(2A) inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(12)(b)

[^key-84c4c0f786569c897f112e7605b16acc]: Word in rule 165(1) inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(12)(a)

[^key-c39ffd26301e67a1364892663bbedb40]: Words in rule 169(4) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(14)

[^key-d413bbf76ae2e235ac826ae66817cc7a]: Words in rule 177(1) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(15)

[^key-4b48659d6962a4a2ef9163b65d8b3b62]: Word in rule 206 heading inserted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(16)

Content of notice to be sent by the administrator

166A

Any notice required to be sent by the administrator under the Regulations or these Rules must—

• (a) contain details of the court and the relevant court reference number,

• (b) contain the full name, registered address, registered number, all trading names and principal trading office of the institution,

• (c) contain the name, business address and IP number of the person or persons appointed as administrator and the date of their appointment,

• (d) be authenticated and dated by the administrator.

Proof of sending

Authentication

Electronic delivery — general

Electronic delivery by administrator

Use of websites by administrator

General use of websites to deliver notices and other documents

Electronic delivery of special administration documents to court

Notice etc to joint administrators

Delivery of statements of claim and documentary evidence of debt

Electronic submission of information

Contents of notices to be gazetted

Omission of unobtainable information

The Gazette — general

Content of notices advertised other than in the Gazette

Non-Gazette notices — other provisions