OpenLegislation

Rule 220 Final progress reportsI1

England and Wales

(1)

In this Part, reference to a progress report is to a report in the form specified in rule 122.

(2)

The final progress report means a progress report which includes a summary of—

(a)

the administrator’s proposals (including whether the F1FCA or, where relevant, the PRA has given a direction under regulation 16 and whether that direction has been withdrawn);

(b)

any major amendments to, or deviations from, those proposals;

(c)

the steps taken during the special administration, including in a special administration (bank insolvency) or a special administration (bank administration), the steps taken to achieve Objective A; and

(d)

the outcome.

Annotations

Textual amendments

F1

Words in art. 220(2)(a) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 210(a)(b)(xiv) (with Sch. 2 para. 211)

Commencement

I1

Rule 220 in force at 30.6.2011, see rule 2