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08 Standardised Rules
b) If a Company Voluntary Arrangement is approved, then approval of that Company Voluntary
Arrangement shall be deemed to have been given at the date of the 昀椀rst mee琀椀ng of creditors called
to consider that Company Voluntary Arrangement, and not the date of any adjourned mee琀椀ng of the
creditors or the mee琀椀ng of shareholders.
13.A.5 For the avoidance of doubt, where a Club is subject to more than one Insolvency Event (for example
Administra琀椀on followed by a Company Voluntary Arrangement), the Club shall only be deducted one
set of 10 points, such deduc琀椀on to apply with e昀昀ect from the 昀椀rst Insolvency Event.
13.A.6 The Compe琀椀琀椀on shall serve the Club with wri琀琀en no琀椀ce of the points deduc琀椀on (the ‘No琀椀ce’).
13.A.7 A Club may appeal against such a points deduc琀椀on. Any such appeal will be conducted in accordance
with Part C: Appeals: Non-Fast Track of the Disciplinary Regula琀椀ons, save that the following
paragraphs of those Regula琀椀ons will not apply – 1, 2, 3, 4, 5, 6, 21, 23 and 24.. In place of those
Regula琀椀ons, the following Rules 13.A.8 to 13.A.12 will apply.
13.A.8 The No琀椀ce of Appeal shall be lodged with the FA within 7 days of the date of the No琀椀ce.
13.A.9 A Club may appeal against an automa琀椀c deduc琀椀on of points solely on the ground that the insolvency
proceedings arose solely as a result of a Force Majeure event (the ‘Appeal’). For the purposes of this
Rule 13, a ‘Force Majeure’ event shall be an event that, having regard to all of the circumstances, is
reasonably considered to have been unforeseeable and unavoidable.
13.A.10 The Appeal Board shall have the power to:13.A.10.1 Con昀椀rm the deduc琀椀on of ten points; or
13.A.10.2 Set aside the deduc琀椀on of ten points and subs琀椀tute a deduc琀椀on of such lower number of points as it
shall deem appropriate; or
13.A.10.3 Order that there shall be no sanc琀椀on at all.
13.A.11 The decision of the Appeal Board shall be 昀椀nal and binding. Any costs incurred by any party in appeal
proceedings brought before the Appeal Board shall be met by the Club in any event and shall be
considered as a sum due to the Company.
13.A.12 Any sanc琀椀ons imposed pursuant to these provisions shall not be taken into account in respect of any
other sanc琀椀ons, penal琀椀es or 昀椀nes that may be imposed by the Compe琀椀琀椀on in respect of any breaches
of its Rules, Regula琀椀ons or Ar琀椀cles of Associa琀椀on by the Club.
13.B GENERAL INSOLVENCY
13.B1 In 琀琀he event of a Club entering an Insolvency Event between the end of the AGM and start of the
AGM immediately following therea昀琀er (‘the next AGM’) then it shall automa琀椀cally be relegated by one
Step at the next AGM, unless one of the following requirements has been met, namely:
(i) Prior to the next AGM it has Paid in Full all its creditors (including but not limited to Football
Creditors); or
(ii) Prior to the next AGM it has Paid in Full its Football Creditors and entered a compliant CVA.
For the purposes of this Rule, a CVA shall be considered compliant if it provides for the following:
• That all Creditors will be paid in Full;
• The 昀椀rst payment under the terms of the CVA shall be made within 28 days of the approval of the
CVA and shall cons琀椀tute a minimum of 10% of the total sum payable;
• The balance shall be paid in equal amounts over the remaining period of the CVA;
• The period of the CVA shall not extend beyond three years from the date of approval.
Notwithstanding the above, in the event of a Club being subject to an Insolvency Event at the date
of the AGM, then the Club may be subject to such sanc琀椀on as the Board may determine, (including
expulsion from membership of the Compe琀椀琀椀on) unless the Board is sa琀椀s昀椀ed that by no later than 5pm
on 31 July (or, if the 31 July falls on a weekend, 5pm on the immediately preceding Business Day) that
the Club (or any new en琀椀ty to which its membership is subsequently transferred under 2.9.2 above) is
in a 昀椀nancial posi琀椀on to complete all of its 昀椀xtures for the immediate following Playing Season.
This sanc琀椀on shall apply in addi琀椀on to any Club being relegated pursuant to its playing record in the
same period namely that in the event of the Club having already been relegated by one Step it shall be
relegated two Steps.
This provision is subject to Rule 2.9.1 in respect of Clubs which have transferred their membership
pursuant to an Insolvency Event and in that case where there is any con昀氀ict between any provision of
Clause 14 and Rule 2.9.1 then this Clause 14 shall prevail.
13.B.2 A Club shall not be eligible for promo琀椀on or to compete in the Play O昀昀s at the end of a Playing Season
if at 5pm on the date on which the last scheduled League 昀椀xture is due to be played that Club:
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