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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
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Regulation 10 Duty to notify known creditors and right to lodge claims

(1) If a reorganisation measure is imposed in respect of an authorised institution, the administrator appointed in respect of the institution shall ensure that creditors of the institution of whom the administrator is aware and who are domiciled or normally reside, or have their head offices, in another Member State are, in accordance with the procedures laid down in the Directive, informed of their rights (if any) to lodge claims arising as a result of the imposition of the measure.

(2) If a law of the State provides for the rights of creditors who are domiciled or normally reside, or whose head offices are located, in the State to lodge claims, creditors who are domiciled or reside, or whose head offices are located, in other Member States also have that right in accordance with the provisions of Regulations 21 and 22(2).

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