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Financial Services and Markets Act 2000

Section 220: Scheme manager’s power to inspect information held by liquidator etc

436.This section allows the scheme manager to inspect information held by the liquidator, administrator or trustee in bankruptcy of an insolvent relevant person.  The scheme manager is only allowed to inspect documents rather than require them to be produced, which means that the cost of copying documents will be borne by the scheme and not by the liquidator.  This should reduce costs to the liquidator, administrator or trustee in bankruptcy.  The section does not apply to the Official Receiver or his Scotland and Northern Ireland counterparts (as to which see section 224).

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