OpenLegislation

Rule 261 Costs, expenses, etc.I1

England and Wales

(1)

All fees, costs, charges and other expenses incurred in the course of bank insolvency, except for any money paid by the FSCS to eligible depositors in pursuance of F1Objective 1, and any expense incurred by the FSCS in this process, are to be regarded as expenses of the bank insolvency.

(2)

The costs associated with the F2prescribed part shall be paid out of that prescribed part.

Annotations

Textual amendments

F1

Words in rule 261(1) substituted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 77(a)

F2

Words in rule 261(2) substituted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 77(b)

Commencement

I1

Rule 261 in force at 25.2.2009, see rule 1