Regulation 174

Money invested or deposited at interest by a liquidator shall be deemed to be money under his control, and when such money forms part of the minimum balance payable into the Limited Liability Partnerships Liquidation Account, the liquidator shall realise the investment or withdraw the deposit, and shall pay the proceeds into the Limited Liability Partnerships Liquidation Account: Provided that where the money is invested in Government securities, the securities may, with the permission of the Official Receiver, be transferred to the control of the Official Receiver instead of being immediately realised and the proceeds thereof paid into the Limited Liability Partnerships Liquidation Account. If and when the money represented by the securities is required wholly or in part for the purposes of the liquidation, the Official Receiver may realise the securities wholly or in part and pay the proceeds of realisation into the Limited Liability Partnerships Liquidation Account and deal with the proceeds in the same way as other moneys paid into that Account may be dealt with.