PART 8DECISION MAKING

CHAPTER 8Creditors’ voting rights and majorities

Calculation of voting rights: winding up of authorised deposit-taker8.32

Any voting rights which a creditor might otherwise exercise in respect of a claim in a creditors’ voluntary winding up or a winding up by the court of an authorised deposit-taker are reduced by a sum equal to the amount of that claim in relation to which the scheme manager, by virtue of its having delivered a statement under rule 8.29, is entitled to exercise voting rights.