PART 3E+WProcess of Special Administration

CHAPTER 5E+WEntitlement to vote at meetings

Procedure for admitting customers’ relevant funds claims for votingE+W

57.—(1) At a meeting of creditors and customers, or customers only, the chair must ascertain the entitlement of persons wishing to vote as customers and admit or reject their relevant funds claims accordingly.

(2) The chair may admit or reject a relevant funds claim in whole or in part.

(3) If the chair is in any doubt whether a relevant funds claim should be admitted or rejected, the relevant funds claim must be marked as objected to and votes allowed to be cast in respect of it, subject to such votes being subsequently declared invalid if the objection to the relevant funds claim is sustained.

Commencement Information

I1Rule 57 in force at 12.11.2021, see rule 2