# The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, Rule 32: Notice to creditors and customers

Extent: S

(1) As soon as is reasonably practicable after the conclusion of a meeting of creditors, of customers, or of creditors and customers to consider the administrator’s proposals or revised proposals, the administrator must—
(a) deliver notice of the result of the meeting to every person who received a notice of the meeting,
(b) deliver notice of the result of the meeting to the Payment Systems Regulator and any payment system operator,
(c) attach a copy of the proposals considered at the meeting to the notice sent to each creditor and each customer who did not receive notice of the meeting and of whose claim the administrator has subsequently become aware,
(d) lodge with the court a copy of the proposals considered at the meeting and notice of the result of the meeting,
(e) place a copy of the notice of the result of the meeting along with a copy of the proposals which were considered at that meeting in the sederunt book.
(2) The administrator is taken to have complied with paragraph (1)(b) if the administrator publishes a notice which—
(a) contains the standard contents,
(b) identifies the proceedings,
(c) contains the registered office of the institution,
(d) is advertised in such manner as the administrator thinks fit,
(e) states that the payment system operator may request in writing a copy of the notice of the result of the meeting free of charge, and states the address to which to write,
(f) is published as soon as is reasonably practicable after the administrator has delivered the notice of the result of the meeting to those who received a copy of the original proposals.

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Source: https://www.legislation.gov.uk/uksi/2022/1239/rule/32 (the official version)
Page: https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.