OpenLegislation

Article 38 Reports to creditorsI1

Northern Ireland

(1)

A bank administrator who fails to comply with Rules 36 and 37 is liable to a fine and, for continued contravention, to a daily default fine.

(2)

For that purpose, failure to comply with Rules 36 and 37 shall be treated in the same way as failure to comply with Rule 2.048 of the 1991 Rules.

Annotations

Commencement

I1

Rule 38 in operation at 25.2.2009, see rule 2