# The Investment Bank Special Administration (Scotland) Rules 2011, Rule 154: Applications under section 176A(5) of the 1986 Act to disapply section 176A


An application under section 176A(5) of the 1986 Act (share of assets for unsecured creditors) shall include averments—
(a) that the application arises in respect of a special administration;
(b) as to the financial position of the investment bank; and
(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.

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Source: https://www.legislation.gov.uk/uksi/2011/2262/rule/154 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-scotland-rules-2011/rule-154
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.