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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2017 - onwards

Regulation 12E Bar date notices - procedural requirements

(1) The persons to whom a bar date notice must be given are -

(a) all clients of whose claim for the return of client assets the administrator is aware;

(b) all persons whom the administrator believes have a right to assert a security interest or other entitlement over the client assets;

(c) the FCA and, where the investment bank is a PRA-authorised person, the PRA; and

(d) in a special administration (bank administration) before the Bank of England has given an Objective A Achievement Notice, the Bank of England.

(2) Paragraph (1) does not apply in relation to any such person whom the administrator has no means of contacting.

(3) A bar date notice -

(a) must be advertised once in the Gazette; and

(b) may be advertised in such other manner as the administrator thinks fit.

(4) In advertising a bar date notice under paragraph (3), the administrator must aim to ensure that the notice comes to the attention of as many persons who are eligible to submit a claim for the return of client assets as the administrator considers practicable.