# The Financial Markets and Insolvency Regulations 1991, Regulation 5: Ranking of expenses of relevant office-holder

Extent: E+W+S

At the end of subsection (4) of section 160 of the Act (duty to give assistance for the purposes of default proceedings) there shall be added the following words—
“and for the purpose of determining the priority in which his expenses are payable out of the assets, sums in respect of time spent shall be treated as his remuneration and other sums shall be treated as his disbursements or, in Scotland, outlays.”.

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Source: https://www.legislation.gov.uk/uksi/1991/880/regulation/5 (the official version)
Page: https://openlegislation.uk/financial-markets-and-insolvency-regulations-1991/regulation-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.