Article 37 Reports to creditorsI1

Northern Ireland

(1)

The bank administrator must send a copy of each progress report within 28 days of the end of the period covered by the report, to—

(a)

the creditors,

(b)

the court,

(c)

the Bank of England,

(d)

the F1appropriate regulator,

(e)

the FSCS, and

(f)

the registrar of companies.

(2)

Instead of complying with paragraph(1)(a) the bank administrator may publish the progress report on the bank administrator’s website (and take appropriate steps to draw attention to it).

(3)

The court may, on the bank administrator’s application—

(a)

extend the period specified in paragraph (1);

(b)

make any other order about the content of a progress report.

Annotations

Textual amendments

F1: Words in Rules substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 153(f)

Commencement

I1: Rule 37 in operation at 25.2.2009, see rule 2