# The Investment Bank Special Administration (England and Wales) Rules 2011, Rule 176: Admission or rejection of proofs

Extent: E+W

(1) Unless the administrator has already dealt with them, within 5 business days of the last date for proving, the administrator shall—
(a) admit or reject (in whole or in part) proofs that have been submitted; or
(b) make such provision in respect of them as the administrator thinks fit.
(2) The administrator is not obliged to deal with proofs lodged after the last date for proving, but may do so, if the administrator thinks fit.
(3) In the declaration of a dividend no payment shall be made more than once by virtue of the same debt.

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Source: https://www.legislation.gov.uk/uksi/2011/1301/rule/176 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-england-and-wales-rules-2011/rule-176
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.