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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 6 April 2007 - onwards
Version 4 of 4

Regulation 14 Reports to creditors

(1) This regulation applies where, on or after 20th April 2003 -

(a) a liquidator is appointed in accordance with section 100 of the 1986 Act or Article 86 of the 1989 Order (creditors' voluntary winding up: appointment of liquidator) or, on or after 15th September 2003, paragraph 83 of Schedule B1 or paragraph 84 of Schedule B1 to the 1989 Order (moving from administration to creditors' voluntary liquidation);

(b) a winding up order is made by the court;

(c) a provisional liquidator is appointed; or

(d) an administrator is appointed under paragraph 13 of Schedule B1 or under paragraph 14 of Schedule B1 to the 1989 Order.

(2) The liquidator or provisional liquidator (as the case may be) must send to every known creditor a report once in every 12 months beginning with the date when his appointment has effect.

(3) The requirement in paragraph (2) does not apply where a liquidator or provisional liquidator is required by order of the court to send a report to creditors at intervals which are more frequent than those required by this regulation.