# The Investment Bank Special Administration (England and Wales) Rules 2011, Rule 143: Notifying potential claimants after bar date has passed

Extent: E+W

(1) This rule applies where, after the bar date has passed—
(a) there is evidence from either—
(i) the records of the investment bank; or
(ii) information received by the administrator under rule 139 or 140,
that there is a person (“P”) who is eligible to make a claim under regulation 11(1) in respect of certain client assets, but that the administrator has not received a claim from P in respect of those clients assets; and
(b) the administrator has a means of contacting P.
(2) The administrator shall send notice to P in writing stating that the administrator believes P would have been eligible to submit a claim under regulation 11(1).
(3) Where P would have been eligible to submit a claim under rule 11(1)(a), the notice under paragraph (2) shall state that—
(a) the administrator believes that the investment bank holds client assets on behalf of P; and
(b) in making the distribution plan under rule 144, the administrator intends to calculate the amount of assets to be returned to P according to the information available to the administrator,
unless P submits a claim in accordance with rule 139 within 14 business days of receipt of the notice (or such longer period as may be agreed by the administrator).
(4) Where P would have been eligible to submit a claim under rule 11(1)(b), the notice under paragraph (2) shall state that—
(a) the administrator believes that P is able to assert a security interest over certain client assets held by the investment bank; and
(b) in making the distribution plan under rule 144, the administrator intends to take into account the security interest according to the information available to the administrator,
unless P submits a claim in accordance with rule 140 within 14 business days of receipt of the notice (or such longer period as may be agreed by the administrator).

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Source: https://www.legislation.gov.uk/uksi/2011/1301/rule/143 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-england-and-wales-rules-2011/rule-143
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.