{
  "url": "https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-154",
  "json_url": "https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-154.json",
  "legislation": "uksi/2011/2262",
  "legislation_title": "The Investment Bank Special Administration (Scotland) Rules 2011",
  "legislation_url": "https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011",
  "path": "rule/154",
  "kind": "rule",
  "number": "154",
  "heading": "Applications under section 176A(5) of the 1986 Act to disapply section 176A",
  "text": "An application under section 176A(5) of the 1986 Act (share of assets for unsecured creditors) shall include averments—\n(a) that the application arises in respect of a special administration;\n(b) as to the financial position of the investment bank; and\n(c) as to the basis of the applicant’s view that the cost of making a distribution to unsecured creditors would be disproportionate to the benefits.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c.45; section 176A was inserted by the Enterprise Act 2002 (c.40), section 252 and amended by S.I. 2008/948."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/2262/rule/154",
    "retrieved_at": "2026-10-29T01:55:34.289957+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}