{
  "url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2003/regulation-14",
  "json_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2003/regulation-14.json",
  "legislation": "uksi/2003/1102",
  "legislation_title": "The Insurers (Reorganisation and Winding Up) Regulations 2003",
  "legislation_url": "https://openlegislation.uk/insurers-reorganisation-and-winding-up-regulations-2003",
  "path": "regulation/14",
  "kind": "regulation",
  "number": "14",
  "heading": "Reports to creditors",
  "text": "(1) This regulation applies where, on or after 20th April 2003—\n(a) a liquidator is appointed in accordance with section 100 of the 1986 Act or Article 86 of the 1986 Order (creditors' voluntary winding up: appointment of liquidator);\n(b) a winding up order is made by the court; or\n(c) a provisional liquidator is appointed.\n(2) The liquidator or provisional liquidator (as the case may be) must send a report once in every 12 months beginning with the date when his appointment has effect to every known creditor.\n(3) The requirement in paragraph (2) does not apply where a liquidator or provisional liquidator is required by order of the court to send a report to creditors at intervals which are more frequent than those required by this regulation.\n(4) This regulation is without prejudice to any requirement to send a report to creditors, imposed by the court on the liquidator or provisional liquidator, which is supplementary to the requirements of this regulation.\n(5) A liquidator or provisional liquidator commits an offence if he fails without reasonable excuse to comply with an applicable requirement under this regulation, and is liable on summary conviction to a fine not exceeding level 3 on the standard scale.\n(6) For the purposes of this regulation—\n(a) “known creditor” means—\n(i) a creditor who is known to the liquidator or provisional liquidator, and\n(ii) in a case falling within paragraph (1)(b) or (c), a creditor who is specified in the insurer’s statement of affairs (within the meaning of section 131 of the 1986 Act or Article 111 of the 1989 Order).\n(b) “report” means a written report setting out the position generally as regards the progress of the winding up or provisional liquidation (as the case may be).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/1102/regulation/14",
    "retrieved_at": "2026-10-29T06:25:30.029094+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."
}