Rule 67 Constitution of creditors’ committeeI1

Where it is resolved by a meeting of creditors and customers to establish a creditors’ committee (see paragraph 57) for the purposes of the special administration, the creditors’ committee must consist of at least three and not more than five persons elected at the meeting.

Where paragraph (1) applies, before receiving nominations for members of the creditors’ committee, the administrator will set out the maximum number of members to be elected onto the creditors’ committee by each class of voter so as to ensure that the make-up of the creditors’ committee is a reflection of all parties with an interest in the achievement of the special administration objectives.

The classes of voters mentioned in paragraph (2) are—

A person claiming to be a creditor is entitled to be a member of the committee provided that the following conditions are met—

A person claiming to be a customer is entitled to be a member of the creditors’ committee provided that that person’s relevant funds claim has not been—

A body corporate may be a member of the creditors’ committee, but it cannot act as such otherwise than by a representative appointed under rule 72.