# The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, Rule 150: Notice of an order under section 176A(5) of the IA 1986

Extent: S

(1) Where the court makes an order under section 176A(5) of the IA 1986, the applicant must as soon as is reasonably practicable after the making of the order—
(a) send to the institution a copy of the order certified by the clerk of court,
(b) send to the registrar of companies a copy of the order certified by the clerk of court,
(c) give notice of the order to each creditor of whose claim and address the applicant is aware.
(2) The court may direct that the requirement of paragraph (1)(c) be met by publication of a notice containing the standard content and stating that the court has made an order disapplying the requirement to set aside the prescribed part.
(3) The notice referred to in paragraph (2)—
(a) must be gazetted as soon as is reasonably practicable,
(b) may be further advertised in such other manner as the court may direct.

---
Source: https://www.legislation.gov.uk/uksi/2022/1239/rule/150 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-150
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.