The Investment Bank Special Administration (Scotland) Rules 2011

Remuneration of the administrator

This section has no associated Explanatory Memorandum

29.  As soon as practicable after the making of a special administration (bank administration) order, the Bank of England shall fix the terms on which, in accordance with rule 135, the administrator is to be remunerated in respect of—

(a)work done by the administrator in pursuit of Objective A;

(b)work done by the administrator in pursuit of Objectives 2 and 3 of the special administration objectives.