Application of proceeds of sale
25.—(1) The proceeds of sale of any property sold by a regulation authority under regulation 23 shall be applied towards meeting expenses incurred by the authority in exercising their functions by virtue of section 6 of the 1989 Act and, in so far as they are not so applied, in meeting any claim to the proceeds of sale made and established in accordance with paragraph (2).
(2) A claim to the proceeds of sale of any property shall be established if the claimant provides the regulation authority with satisfactory evidence that he would have been entitled to the return of the property under regulation 22 if the property had not been sold.