OpenLegislation

Rule 253 Costs, expenses, etc

Original text. Later amendments are not shown.

(1)

All fees, costs, charges and other expenses incurred in the course of building society 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 building society insolvency.

(2)

The costs associated with the prescribed part (within the meaning of Article 150A of the 1989 Order) shall be paid out of that prescribed part.