# The Insolvency (England and Wales) Rules 2016, Rule 18.26: First exception: administrator has made a statement under paragraph 52(1)(b) of Schedule B1


(1) This exception applies in an administration where—
(a) the basis of the administrator's remuneration has been fixed by the committee; and
(b) the administrator has made a statement under paragraph 52(1)(b) of Schedule B1.
(2) A request by the administrator for an increase in the rate or amount of remuneration or a change in the basis must be approved by—
(a) the consent of each of the secured creditors; or
(b) if the administrator has made or intends to make a distribution to preferential creditors—
(i) the consent of each of the secured creditors, and
(ii) a decision of the preferential creditors in a decision procedure.

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Source: https://www.legislation.gov.uk/uksi/2016/1024/rule/18.26 (the official version)
Page: https://openlegislation.uk/insolvency-england-and-wales-rules-2016/rule-18.26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.