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Article 28 Reports to creditors

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

A progress report must be produced for—

(a)

the first period of 6 months of the bank administration;

(b)

every subsequent period of 6 months; and

(c)

when the bank administrator ceases to act, the period from the date of the previous report (or, if there was none, from the beginning of the bank administration) until the administrator ceases to act.