Fees and expenses
This section has no associated Explanatory Memorandum
162.—(1) Subject to paragraphs (2) and (3), all fees, costs, charges and other expenses incurred in the course of the special administration are to be regarded as expenses of the special administration.
(2) In a special administration (bank insolvency), paragraph (1) does not include any money paid by the FSCS to eligible depositors in pursuance of Objective A.
(3) The fees, costs, charges and other expenses associated with the prescribed part shall be met out of the prescribed part.
(4) In this rule, “eligible depositors” has the meaning given to it by section 93(3) of the 2009 Act.