# The Bank Insolvency (England and Wales) Rules 2009, Rule 98: Fixing of remuneration

Extent: E+W

(1) Apply rule 4.127 of the 1986 Rules.
(2) In paragraph (3), leave out from the beginning to “receiver”.
(3) For paragraph (5) substitute—
“(5) If, under rule 41(2), the liquidation committee ceases to exist at the end of the first meeting of creditors, the terms on which the bank liquidator is to be remunerated determined by the initial liquidation committee under rule 18 can be redetermined by a resolution of a meeting of creditors, and paragraph (4) applies to the determination of the creditors as it does to the determination of the liquidation committee.”
(4) In paragraph (6), for the words from the beginning to “his” substitute “Where the bank liquidator’s”.

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Source: https://www.legislation.gov.uk/uksi/2009/356/rule/98 (the official version)
Page: https://openlegislation.uk/bank-insolvency-england-and-wales-rules-2009/rule-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.