<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ssi/2018/347" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347" NumberOfProvisions="398" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="S" RestrictStartDate="2021-10-01"><ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
					<dc:identifier>http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4</dc:identifier><dc:title>The Insolvency (Scotland) (Receivership and Winding up) Rules 2018</dc:title><dc:type>text</dc:type><dc:format>text/xml</dc:format><dc:language>en</dc:language><dc:publisher>Statute Law Database</dc:publisher><dc:subject scheme="SIheading">INSOLVENCY;COMPANIES</dc:subject><dc:modified>2024-05-15</dc:modified><dc:contributor>Expert Participation</dc:contributor><dct:valid>2021-10-01</dct:valid>
					<dc:description>These Rules set out the detailed procedures for the conduct of receivership and winding up proceedings in Scotland under the Insolvency Act 1986 (“the Act”). The Rules accordingly give effect, for Scotland, to Parts 3 to 7 of the Act and to EU Regulation No 2015/848 of 20 May 2015 on insolvency proceedings (“the EU Regulation”).</dc:description>
					<atom:link rel="self" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.xml" type="application/xml"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ssi/2018/347/resources" title="More Resources"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/policy-note" href="http://www.legislation.gov.uk/ssi/2018/347/policy-note" title="Policy Note"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/policy-note/toc" href="http://www.legislation.gov.uk/ssi/2018/347/policy-note/contents" title="Policy Note Table of Contents"/>
					
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ssi/2018/347" title="whole act"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ssi/2018/347/introduction" title="introduction"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/signature" href="http://www.legislation.gov.uk/ssi/2018/347/signature" title="signature"/><atom:link rel="http://www.legislation.gov.uk/def/navigation/note" href="http://www.legislation.gov.uk/ssi/2018/347/note" title="note"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ssi/2018/347/body" title="body"/>
					<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ssi/2018/347/schedules" title="schedules"/>
					
										
					
					
					
					<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.rdf" title="RDF/XML"/><atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.akn" title="AKN"/><atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.xht" title="HTML snippet"/><atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.htm" title="Website (XHTML) Default View"/><atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.csv" title="CSV"/><atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.pdf" title="PDF"/>
					<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/data.html" title="HTML5 snippet"/>

					
					<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ssi/2018/347/contents" title="Table of Contents"/>
					
					<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/made" title="made"/><atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/2019-04-06" title="2019-04-06"/>
					
					<atom:link rel="up" href="http://www.legislation.gov.uk/ssi/2018/347/part/8" title="Part 8"/><atom:link rel="prev" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/3" title="Chapter; Part 8 Chapter 3"/><atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/3" title="Chapter; Part 8 Chapter 3"/><atom:link rel="next" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/5" title="Chapter; Part 8 Chapter 5"/><atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/5" title="Chapter; Part 8 Chapter 5"/>
					<ukm:SecondaryMetadata><ukm:DocumentClassification><ukm:DocumentCategory Value="secondary"/><ukm:DocumentMainType Value="ScottishStatutoryInstrument"/><ukm:DocumentStatus Value="revised"/><ukm:DocumentMinorType Value="rule"/></ukm:DocumentClassification><ukm:Year Value="2018"/><ukm:Number Value="347"/><ukm:Made Date="2018-11-13"/><ukm:Laid Date="2018-11-14" Class="UnitedKingdomParliament"/><ukm:ComingIntoForce><ukm:DateTime Date="2019-04-06"/></ukm:ComingIntoForce><ukm:ISBN Value="9780111040126"/></ukm:SecondaryMetadata>
					

                    
									<ukm:Notes><ukm:Note IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/notes"/><ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/ssi/2018/347/pdfs/ssipn_20180347_en.pdf" Date="2018-11-14" Title="Policy Note" Size="58807"/></ukm:Alternatives>       
								</ukm:Notes> 
					<ukm:Alternatives><ukm:Alternative URI="http://www.legislation.gov.uk/ssi/2018/347/pdfs/ssi_20180347_en.pdf" Date="2018-11-14" Size="841224"/></ukm:Alternatives>
					<ukm:ImpactAssessments>
									<ukm:ImpactAssessment URI="http://www.legislation.gov.uk/ssi/2018/347/pdfs/ssifia_20180347_en.pdf" Stage="Final" Title="Final Impact Assessment" Year="2018" Number="ssifia20180347en" Size="72404" Date="2018-11-14"/>
									
								</ukm:ImpactAssessments>
					<ukm:Statistics>
									<ukm:TotalParagraphs Value="402"/>
									<ukm:BodyParagraphs Value="347"/>
									<ukm:ScheduleParagraphs Value="55"/>
									<ukm:AttachmentParagraphs Value="0"/>
									<ukm:TotalImages Value="0"/>
								</ukm:Statistics>
				</ukm:Metadata><Secondary><Body DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/body" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/body" NumberOfProvisions="347" RestrictStartDate="2021-10-01"><Part DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8" NumberOfProvisions="46" id="part-8" RestrictStartDate="2020-12-31"><Number><Strong>PART 8</Strong></Number><Title>DECISION MAKING</Title><Chapter DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8/chapter/4" NumberOfProvisions="1" RestrictStartDate="2019-04-06" id="part-8-chapter-4"><Number>CHAPTER 4</Number><Title>Decision making in particular proceedings</Title><P DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/paragraph/p63" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/paragraph/p63" RestrictStartDate="2019-04-06" id="paragraph-p63"><Text>[Note: a document required by the Act or these Rules must also contain the standard contents required as set out in Part 1.]</Text></P><P1group RestrictStartDate="2019-04-06"><Title>Decisions in winding up of authorised deposit-takers</Title><P1 DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/article/8" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8/chapter/4/article/8" id="part-8-chapter-4-article-8" shortId="article-8"><Pnumber PuncAfter=".17.">8</Pnumber><P1para><P2 DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/article/8/1" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8/chapter/4/article/8/1" id="part-8-chapter-4-article-8-1" shortId="article-8-1"><Pnumber>1</Pnumber><P2para><Text>This rule applies in a creditors' voluntary winding up or a winding up by the court of an authorised deposit-taker.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/article/8/2" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8/chapter/4/article/8/2" id="part-8-chapter-4-article-8-2" shortId="article-8-2"><Pnumber>2</Pnumber><P2para><Text>The directors of a company must deliver a notice of a meeting of the company at which it is intended to propose a resolution for its winding up to the Financial Conduct Authority and to the scheme manager established under section 212(1) of the Financial Services and Markets Act 2000 <CommentaryRef Ref="c23538661"/>.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/article/8/3" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8/chapter/4/article/8/3" id="part-8-chapter-4-article-8-3" shortId="article-8-3"><Pnumber>3</Pnumber><P2para><Text>These notices must be the same as those delivered to members of the company.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/article/8/4" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8/chapter/4/article/8/4" id="part-8-chapter-4-article-8-4" shortId="article-8-4"><Pnumber>4</Pnumber><P2para><Text>Where any decision is sought for the purpose of considering whether a replacement should be appointed after the liquidator's resignation, removing the liquidator or appointing a new liquidator, the convener must also deliver a copy of the notice by which such a decision is sought to the Financial Conduct Authority and the scheme manager.</Text></P2para></P2><P2 DocumentURI="http://www.legislation.gov.uk/ssi/2018/347/part/8/chapter/4/article/8/5" IdURI="http://www.legislation.gov.uk/id/ssi/2018/347/part/8/chapter/4/article/8/5" id="part-8-chapter-4-article-8-5" shortId="article-8-5"><Pnumber>5</Pnumber><P2para><Text>A scheme manager who is required by this rule to be given notice of a meeting is entitled to be represented at the meeting.</Text></P2para></P2></P1para></P1></P1group></Chapter></Part></Body></Secondary><Commentaries><Commentary id="c23538661" Type="M"><Para><Text><Citation URI="http://www.legislation.gov.uk/id/ukpga/2000/8" id="c00181" Year="2000" Class="UnitedKingdomPublicGeneralAct" Number="8">2000 c.8</Citation>.</Text></Para></Commentary></Commentaries></Legislation>