Rule 219 Administrator’s duties on vacating officeI1
England and Wales
(1)
Where the administrator (‘A’) ceases to be in office in consequence of this chapter, A is under obligation as soon as reasonably practicable to deliver up to the person succeeding A as administrator (‘B’) the assets (after deduction of any expenses properly incurred and distributions made by A) and further to deliver up to B—
(a)
the records of the administration, including correspondence, proofs and other related papers appertaining to the administration while it was within A’s responsibility; and
(b)
the investment bank’s books, papers and other records.
(2)
If A makes default in complying with this rule, A is liable to a fine and, for continued contravention, to a daily default fine.