5.47ASupervisor’s accounts and reports

1

The supervisor must keep accounts and records of the supervisor’s acts and dealings in, and in connection with, the arrangement including in particular records of all receipts and payments of money.

2

Subject to paragraph (3), the supervisor must in respect of each period of 12 months ending with the anniversary of the commencement of the arrangement send within 2 months of the end of that period a report on the progress and prospects for the full implementation of the voluntary arrangement to—

a

the debtor;

b

all those of the debtor’s creditors who are bound by the voluntary arrangement of whose address the supervisor is aware;

3

The supervisor is released from an obligation to send a report under paragraph (2), if an obligation to send a final report under Rule 5.50 arises in the period of 2 months mentioned in paragraph (2).