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The Bankruptcy (Financial Services and Markets Act 2000) Rules 2001
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- 2001 No. 3634
- Explanatory Note
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Explanatory Note
(This note is not part of the Rules)
These Rules modify the Insolvency Rules in relation to a demand made by the Financial Services Authority (under section 372(4)(a) of The Financial Services and Markets Act 2000) to an individual that he establish to the Authority’s satisfaction that he has a reasonable prospect of being able to pay a regulated activity debt when it falls due.
The Rules make provision, amongst other things, as to the form and content of a demand, information to be given in a demand, requirements as to service and applications to set aside a demand.
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