# The Investment Bank Special Administration (England and Wales) Rules 2011, Rule 181: Notice of no dividend or no further dividend

Extent: E+W

(1) If the administrator gives notice to creditors that no dividend (or as the case may be, no further dividend) can be declared, the notice shall contain a statement to the effect either—
(a) that no funds have been realised; or
(b) that the funds realised have already been distributed or used or allocated for defraying the expenses of administration.
(2) The notice to creditors in paragraph (1) shall also be given to—
(a) the FCA and, where the investment bank concerned is a PRA-authorised person, the PRA;
(b) in a special administration (bank administration), the FSCS; and
(c) in a special administration (bank administration), in a case where the Bank of England consented to a distribution, to the Bank of England.

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Source: https://www.legislation.gov.uk/uksi/2011/1301/rule/181 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-england-and-wales-rules-2011/rule-181
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.