Finance Legislation
Laws governing financial services, banking regulation, insurance, investment, and securities trading.
The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025
- Department: HM Treasury
- Made under: Insolvency Act 1986
The 2025 rules amended the 2022 Payment and Electronic Money Institution Insolvency (Scotland) Rules to correct drafting errors and improve the content of administrator notices.
The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025 amend the 2022 rules governing the insolvency process for payment and electronic money institutions in Scotland.
The amendments correct drafting errors flagged by the Joint Committee on Statutory Instruments, specifically in relation to administrator notification requirements, and add further details needed in those notices.
The changes improve the accuracy and clarity of the insolvency procedure, particularly concerning the content of notices issued by administrators.