OpenLegislation

Rule 58 Submission of accountsI1

England and Wales

(1)

Any of the persons specified in section 235(3) of the 1986 Act shall, at the request of the administrator, provide the administrator with the investment bank’s accounts as at such date and for such period as the administrator may specify.

(2)

The period specified may begin from a date up to 3 years preceding the date the investment bank entered special administration, or from an earlier date to which the audited accounts of the investment bank were last prepared.

(3)

The court may, on the administrator’s application, require accounts for an earlier period.

(4)

Rule 57 applies (with the necessary modification) in relation to the accounts to be provided under this rule as it applies to the statement of affairs.

(5)

The accounts shall (if the administrator so requires) be verified by a statement of truth and (whether or not so verified) be delivered within 21 days of the request under paragraph (1) (or such longer period as the administrator may allow).

Annotations

Commencement

I1

Rule 58 in force at 30.6.2011, see rule 2