{
  "url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-amendment-rules-2025/note",
  "json_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-amendment-rules-2025/note.json",
  "legislation": "uksi/2025/110",
  "legislation_title": "The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025",
  "legislation_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-amendment-rules-2025",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Rules)\nThese Rules amend the Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022 (S.I. 2022/1239) (“2022 Rules”) which set out the procedure in Scotland for the payment institution special administration process and electronic money institution special administration process under the Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716).\nRule 4(4) amends rule 16 of the 2022 Rules to insert new requirements for the content of notices to be delivered by the administrator under this rule. This amendment was made to address the Joint Committee on Statutory Instrument’s comments in their Twenty-Sixth Report of Session 2022-23 regarding the contents of the notices of statements of affairs requirements to be delivered by the administrator under the 2022 Rules.\nThese Rules also correct a drafting error identified by the Joint Committee on Statutory Instruments in their Twenty-Sixth Report of Session 2022-23 and other minor errors.\nA full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/110/note",
    "retrieved_at": "2026-10-28T21:20:59.975769+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."
}