202Enforcement receivers
(1)This section applies to sums which are in the hands of a receiver appointed under section 198 if they are—
(a)the proceeds of the realisation of property under section 199;
(b)sums (other than those mentioned in paragraph (a)) in which the defendant holds an interest.
(2)The sums must be applied as follows—
(a)first, they must be applied in payment of such expenses incurred by a person acting as an insolvency practitioner as are payable under this subsection by virtue of section 432;
(b)second, they must be applied in making any payments directed by the Crown Court;
(c)third, they must be applied on the defendant’s behalf towards satisfaction of the confiscation order.
(3)If the amount payable under the confiscation order has been fully paid and any sums remain in the receiver’s hands he must distribute them—
(a)among such persons who held (or hold) interests in the property concerned as the Crown Court directs, and
(b)in such proportions as it directs.
(4)Before making a direction under subsection (3) the court must give persons who held (or hold) interests in the property concerned a reasonable opportunity to make representations to it.
(5)For the purposes of subsections (3) and (4) the property concerned is—
(a)the property represented by the proceeds mentioned in subsection (1)(a);
(b)the sums mentioned in subsection (1)(b).
(6)The receiver applies sums as mentioned in subsection (2)(c) by paying them to the appropriate chief clerk on account of the amount payable under the order.
(7)The appropriate chief clerk is the chief clerk of the court at the place where the confiscation order was made.