{
  "url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021/article-113",
  "json_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021/article-113.json",
  "legislation": "uksi/2021/1178",
  "legislation_title": "The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021",
  "legislation_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-england-and-wales-rules-2021",
  "path": "article/113",
  "kind": "article",
  "number": "113",
  "heading": "Approval by the creditors’ committee",
  "text": "(1) Where there is a creditors’ committee, the administrator must summon a meeting of that committee to approve the distribution plan.\n(2) The administrator must send the proposed distribution plan to each member of the creditors’ committee when sending out notice of the meeting.\n(3) The creditors’ committee may approve the distribution plan with or without modification.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 113 in force at 12.11.2021, see rule 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2021/1178/article/113",
    "retrieved_at": "2026-10-28T22:07:52.488380+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."
}