# The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, Rule 107: Notice of the bar date

Extent: S

(1) This rule applies where the administrator sets a bar date for the submission of relevant funds claims as set out in regulation 20(1) and 21(1) (and for the purposes of this rule “bar date” includes a hard bar date).
(2) The administrator must give notice of the bar date—
(a) to each customer of whose relevant funds claim the administrator is aware and whom the administrator has a means of contacting,
(b) to each person whom the administrator believes has a right to assert a security interest or other entitlement over the asset pool and whom the administrator has a means of contacting.
(3) Notice of the bar date must also be sent to the FCA.
(4) Notice of the bar date—
(a) must be gazetted,
(b) may be advertised in such other manner as the administrator thinks fit.
(5) In advertising the date under paragraph (4), the administrator must aim to ensure that the bar date comes to the attention of as many of those persons who are eligible to submit a relevant funds claim as the administrator considers practicable.

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Source: https://www.legislation.gov.uk/uksi/2022/1239/rule/107 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-107
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.