Article 259 Costs, expenses, etcI1
Northern Ireland
(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 objective 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 prescribed part shall be paid out of that prescribed part.
Annotations
Commencement
- I1
Rule 259 in operation at 1.4.2009, see rule 1(1)