# The Bankruptcy (Scotland) Regulations 2016, Regulation 22: Conversion of foreign currency claims


For the purposes of sections 48(1)(a) and 126(5) of the Act, the manner of conversion into sterling of the amount of a claim stated in foreign currency is to be at a single exchange rate of for that currency determined by the trustee with reference to the exchange rates prevailing at the close of business on the date of sequestration.

---
Source: https://www.legislation.gov.uk/sdsi/2016/9780111033159/regulation/22 (the official version)
Page: https://openlegislation.uk/draft-bankruptcy-scotland-regulations-2016/regulation-22
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.