PART 3Process of Bank Administration

Reports to creditors29

1

The bank administrator must send a copy of each progress report within 28 days of the end of the period covered by that report, to—

a

the creditors of the bank;

b

the court;

c

the Bank of England;

d

the FSA;

e

the FSCS; and

f

the registrar of companies.

2

Instead of complying with paragraph (1)(a) the bank administrator may publish the progress report on its internet website (and take appropriate steps to draw attention to it).

3

The court may, on the application of the bank administrator—

a

extend the period specified in paragraph (1) above;

b

make any other order about the content of a progress report.