# The Investment Bank Special Administration Regulations 2011, Paragraph 9: Statement of proposals


(1) The administrator shall send the statement to—
(a) the FSA;
(b) the FSCS;
(c) the registrar of companies;
(d) every creditor of the deposit-taking bank of whose claim and address the administrator is aware;
(e) every member of the deposit-taking bank of whose address the administrator is aware; and
(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.
(2) The administrator shall comply with sub-paragraph (1) not later than 10 business days after—
(a) obtaining the agreement of the Bank of England (and where the FSA has given a direction, the FSA); or
(b) the court has made an order dispensing with the need for this agreement.
(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.
(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.
(5) Sub-paragraphs (7) and (8) of paragraph 49 of Schedule B1 apply with the following modifications—
(a) the reference in paragraph 49(7) to sub-paragraph (5) shall be a reference to sub-paragraph (2) of this paragraph;
(b) the reference to “this paragraph” in paragraph 49(8) means this paragraph;
(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).

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Source: https://www.legislation.gov.uk/ukdsi/2011/9780111505588/schedule/2/paragraph/9 (the official version)
Page: https://openlegislation.uk/draft-investment-bank-special-administration-regulations-2011/schedule-2/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.