PART 3Process of Special Administration

CHAPTER 5Entitlement to vote at meetings

Voting at meetings of creditors and clients71

1

This rule applies to meetings of creditors and clients.

2

If the administrator thinks it appropriate, the creditors and clients may vote on the same resolution at the meeting, however the creditors and the clients shall vote separately on the resolution.

3

In a special administration (bank insolvency) the FSCS shall be entitled to vote as a creditor under this rule and rule 65 has effect with respect to its voting rights.