Rule 100 T&S administrator’s duties on vacating office
(1)
A T&S administrator who ceases to be in office as such, in consequence of removal, resignation or ceasing to be qualified to act as an insolvency practitioner, must as soon as reasonably practicable deliver to the person succeeding as T&S administrator—
(a)
the assets, after deduction of any expenses properly incurred and distributions made by the departing T&S administrator,
(b)
the records of the T&S administration, including correspondence, proofs and other documents relating to the T&S administration while it was within the responsibility of the departing T&S administrator, and
(c)
the T&S company’s books, papers and other records.
(2)
It is an offence for the T&S administrator to fail to comply with paragraph (1).