{
  "url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-50",
  "json_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022/rule-50.json",
  "legislation": "uksi/2022/1239",
  "legislation_title": "The Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022",
  "legislation_url": "https://openlegislation.uk/payment-and-electronic-money-institution-insolvency-scotland-rules-2022",
  "path": "rule/50",
  "kind": "rule",
  "number": "50",
  "heading": "Entitlement to vote (creditors)",
  "text": "(1) A creditor is entitled to vote at a meeting of creditors, or at a meeting of creditors and customers, only if—\n(a) the creditor has delivered to the administrator a statement of claim and documentary evidence of the debt which is claimed as due to that person from the institution, including any calculation for the purposes of rule 51 or rule 52,\n(b) the details were given to the administrator at or before the meeting,\n(c) the claim has been admitted for the purposes of entitlement to vote,\n(d) there has been lodged with the administrator any proxy intended to be used on behalf of that person.\n(2) Where under rule 54(4) the administrator has become aware that a customer has a shortfall claim—\n(a) the administrator must treat the customer as having provided details of the shortfall claim under paragraphs (1)(a) and (b),\n(b) the claim must be admitted under paragraph (1)(c) for the purposes of entitlement to vote,\n(c) the customer does not need to submit a separate claim under paragraph (1) in order to be entitled to vote as a creditor at a meeting of creditors and customers in respect of its shortfall claim but a customer should, if relevant, lodge a proxy in accordance with paragraph (1)(d).\n(3) For the purposes of this Chapter, written details of a claim, once lodged or given in accordance with this rule, need not be lodged or given again.\n(4) The chair of a meeting of creditors, or of a meeting of creditors and customers, may dispense with the requirement to produce documentary evidence of debt in paragraph (1)(a).",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Rule 50 in force at 19.12.2022, see rule 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/1239/rule/50",
    "retrieved_at": "2026-10-28T21:53:01.073399+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}