{
  "url": "https://openlegislation.uk/draft-investment-bank-special-administration-regulations-2011/schedule-2/paragraph-9",
  "json_url": "https://openlegislation.uk/draft-investment-bank-special-administration-regulations-2011/schedule-2/paragraph-9.json",
  "legislation": "ukdsi/2011/9780111505588",
  "legislation_title": "The Investment Bank Special Administration Regulations 2011",
  "legislation_url": "https://openlegislation.uk/draft-investment-bank-special-administration-regulations-2011",
  "path": "schedule/2/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": "Statement of proposals",
  "text": "(1) The administrator shall send the statement to—\n(a) the FSA;\n(b) the FSCS;\n(c) the registrar of companies;\n(d) every creditor of the deposit-taking bank of whose claim and address the administrator is aware;\n(e) every member of the deposit-taking bank of whose address the administrator is aware; and\n(f) every client of the deposit-taking bank of whose claim the administrator is aware and of whom the administrator has a means of contacting.\n(2) The administrator shall comply with sub-paragraph (1) not later than 10 business days after—\n(a) obtaining the agreement of the Bank of England (and where the FSA has given a direction, the FSA); or\n(b) the court has made an order dispensing with the need for this agreement.\n(3) The administrator shall be taken to comply with sub-paragraph (1)(d) if the administrator publishes in the prescribed manner a notice undertaking to provide a copy of the statement of proposals free of charge to any member of the deposit-taking bank who applies in writing to a specified address.\n(4) The administrator shall also give notice in the prescribed manner that the statement of proposals is to be provided free of charge to a market infrastructure body which applies in writing to a specified address.\n(5) Sub-paragraphs (7) and (8) of paragraph 49 of Schedule B1 apply with the following modifications—\n(a) the reference in paragraph 49(7) to sub-paragraph (5) shall be a reference to sub-paragraph (2) of this paragraph;\n(b) the reference to “this paragraph” in paragraph 49(8) means this paragraph;\n(c) the reference to paragraph 107 is a reference to that paragraph as applied by section 145 of the Act and by paragraph 6(3).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2011/9780111505588/schedule/2/paragraph/9",
    "retrieved_at": "2026-10-30T14:54:21.376569+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}