OpenLegislation

Rule 283 Costs, expenses etcI1

England and Wales

(1)

All fees, costs, charges and other expenses incurred in the course of the special administration are, unless otherwise stated, to be regarded as expenses of the special administration.

(2)

In a special administration (bank insolvency), paragraph (1) does not include any money paid by the FSCS to eligible depositors in pursuance of Objective A.

(3)

The costs associated with the prescribed part shall be paid out of the prescribed part.

Annotations

Commencement

I1

Rule 283 in force at 30.6.2011, see rule 2