# The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, Rule 115: New administrator appointed

Extent: S

(1) If a new administrator is appointed in place of another, the former administrator must, as soon as is reasonably practicable, transmit to the new administrator all the creditors’ claims which the former administrator has received, together with an itemised list of them.
(2) The new administrator must authenticate the list by way of receipt for the creditors’ claims and return it to the former administrator.
(3) From then on, all creditors’ claims must be sent to and retained by the new administrator.

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Source: https://www.legislation.gov.uk/uksi/2022/1239/rule/115 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-115
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.