# The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, Rule 100: Debt in a foreign currency

Extent: S

(1) A relevant funds claim payable in a foreign currency must state the amount of the relevant funds claim in that currency.
(2) The administrator must convert all such relevant funds claims into sterling at a single rate for each currency determined by the administrator by reference to the exchange rates prevailing in the London market at the close of business on the date the institution entered special administration.

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Source: https://www.legislation.gov.uk/uksi/2022/1239/rule/100 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-100
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.