Rule 195 Transfer and disposal of institution’s books, papers and other recordsI1

Where an institution is in special administration, the administrator must dispose of the books, papers and records of the institution in accordance with the directions of—

If no directions under paragraph (1) have been given by the expiry of the period of 12 months after the date of dissolution of the institution, the administrator may dispose of the institution’s books, papers and records in such a way as the administrator considers appropriate.

An administrator or former administrator (“A”) must within fourteen days of a request by the Secretary of State give the Secretary of State particulars of any money in A’s hands or under A’s control representing unclaimed or undistributed assets of the institution or dividends or other sums due to any person as a member or former member of the institution.