Rule 15 Notification and advertisement of administrator’s appointmentI1

Scotland

(1)

The notice of appointment under paragraph 46(2)(b) to be given by the administrator as soon as is reasonably practicable after appointment—

(a)

must be gazetted,

(b)

may be advertised in such other manner as the administrator thinks fit.

(2)

In addition to the standard contents, the notice must state that an administrator has been appointed and the date of the appointment.

(3)

The administrator must as soon as is reasonably practicable after appointment give notice of the appointment to—

(a)

any messenger-at-arms or sheriff officer who, to the administrator’s knowledge, is charged with executing diligence or other legal process against the institution,

(b)

any person who, to the administrator’s knowledge, has F1executed diligence or other legal process against the institution,

(c)

the Keeper of the Register of Inhibitions and Adjudications,

(d)

any supervisor of a voluntary arrangement under Part 1 of the IA 1986.

(4)

The administrator must send the notice of appointment to the registrar of companies within seven days of the date of the order appointing them.

F2(5)

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Annotations

Textual amendments

F1: Word in rule 15(3)(b) substituted (26.2.2025) by The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(3)(a)
F2: Rule 15(5) omitted (26.2.2025) by virtue of The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 (S.I. 2025/110), rules 2, 4(3)(b)

Commencement

I1: Rule 15 in force at 19.12.2022, see rule 2