Rule 38 I1

(1)

The special administrator must send a copy of each progress report within 28 days of the end of the period covered by the report, to

(a)

the creditors and shareholding members,

(b)

the court,

(c)

the Bank of England,

(d)

the F1FCA and where relevant the PRA, and

(e)

the FSCS.

(2)

Instead of complying with paragraph (1)(a) the special administrator may publish the progress report on its internet website (and take appropriate steps to draw attention to it) and send a copy of it to any creditors and shareholding members on request.

(3)

The court may, on the special administrator’s application—

(a)

extend the period specified in paragraph (1),

(b)

make any other order about the content of a progress report.

Annotations

Textual amendments

F1: Words in rule 38 substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 190(7)

Commencement

I1: Rule 38 in force at 15.11.2010, see rule 2