{
  "url": "https://openlegislation.uk/smart-meter-communication-licensee-administration-england-and-wales-rules-2020/article-79",
  "json_url": "https://openlegislation.uk/smart-meter-communication-licensee-administration-england-and-wales-rules-2020/article-79.json",
  "legislation": "uksi/2020/629",
  "legislation_title": "The Smart Meter Communication Licensee Administration (England and Wales) Rules 2020",
  "legislation_url": "https://openlegislation.uk/smart-meter-communication-licensee-administration-england-and-wales-rules-2020",
  "path": "article/79",
  "kind": "article",
  "number": "79",
  "heading": "Notice of declaration of a dividend",
  "text": "(1) Where the SMCL administrator declares a dividend the SMCL administrator must deliver notice of that fact to all creditors who have proved their debts.\n(2) The notice must include the following particulars relating to the SMCL administration—\n(a) amounts raised from the sale of assets, indicating (so far as is practicable) amounts raised by the sale of particular assets;\n(b) payments made by the SMCL administrator when acting as such;\n(c) where the SMCL administrator proposed to make a distribution to unsecured creditors, the value of the prescribed part, except where the court has made an order under section 176A(5) of the 1986 Act;\n(d) provision (if any) made for unsettled claims, and funds (if any) retained for particular purposes;\n(e) the total amount to be distributed and the rate of dividend; and\n(f) whether, and if so when, any further dividend is expected to be declared.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2020/629/article/79",
    "retrieved_at": "2026-10-28T22:29:12.067094+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."
}