# The Smart Meter Communication Licensee Administration (England and Wales) Rules 2020, Article 69: Realisation of security by creditor


If a creditor who has valued the creditor’s security subsequently realises it (whether or not at the instance of the SMCL administrator)—
(a) the net amount realised must be treated in all respects (including in relation to any valuation in a proof) as an amended valuation made by the creditor; and
(b) the creditor may prove for the balance of the creditor’s debt.

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Source: https://www.legislation.gov.uk/uksi/2020/629/article/69 (the official version)
Page: https://openlegislation.uk/smart-meter-communication-licensee-administration-england-and-wales-rules-2020/article-69
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.