# The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, Rule 198: Administrator’s caution

Extent: S

(1) Wherever under these Rules any person has to appoint or certify the appointment of an administrator, that person must, before making or certifying the appointment, be satisfied that the person appointed or to be appointed has caution for the proper performance of that office.
(2) It is the duty of the creditors’ committee to review from time to time the adequacy of the administrator’s caution.
(3) The cost of the administrator’s caution must be paid as an expense of the proceedings.

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Source: https://www.legislation.gov.uk/uksi/2022/1239/rule/198 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-198
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.