keep The Payment and Electronic Money Institution Insolvency (Scotland) (Amendment) Rules 2025
Technical amendment rules to the Payment and Electronic Money Institution Insolvency (Scotland) Rules 2022, making procedural corrections including typo fixes (exercised/executed, a at/at a), cross-reference corrections, formatting standardisation (09.00 hours), insertion of missing references, and addition of new Rule 166A specifying required content for administrator notices (court reference, institution details, administrator details, authentication).
These are purely technical corrections and procedural clarifications with no substantive regulatory burden. Typos and cross-reference errors that could cause confusion in insolvency proceedings should be fixed. The new Rule 166A simply codifies existing best practice for administrator notice content. Deletion would leave inaccurate, confusing rules that could cause procedural errors in insolvency cases, harming creditors and stakeholders.