# The Investment Bank Special Administration (England and Wales) Rules 2011, Rule 174: Realisation of security by creditor

Extent: E+W

If a creditor who has valued their security subsequently realises it (whether or not at the instance of the administrator)—
(a) the net amount realised shall be substituted for the value previously put by the creditor on the security; and
(b) that amount shall be treated in all respects as an amended valuation made by the creditor.

---
Source: https://www.legislation.gov.uk/uksi/2011/1301/rule/174 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-england-and-wales-rules-2011/rule-174
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.