Article 9 Hearing of FMI administration application

(1)

At the hearing of an FMI administration application, any of the following may appear or be represented—

(a)

the Bank;

(b)

the Treasury;

(c)

the FCA;

(d)

where the infrastructure company is a PRA-authorised person, the PRA;

(e)

where the infrastructure company is the operator of a recognised payment system, or a designated service provider which provides services to such an operator, the Payment Systems Regulator;

(f)

the infrastructure company;

(g)

a director of the infrastructure company;

(h)

the person (or a person) nominated for appointment as FMI administrator;

(i)

any person who has given notice in respect of the infrastructure company under section 122(1)(a) or (2)(b), 123(3)(a) or 124(a) of the 2013 Act; and

(j)

with the permission of the court, any other person who appears to have an interest in the FMI administration application which justifies appearance.

(2)

If the court makes an FMI administration order, the following are payable as an expense of the FMI administration—

(a)

the Bank’s costs of making the application; and

(b)

any other costs, whether incurred by the Bank or by any other person, which are allowed by the court.