Information memorandum must be provided to committee members and prospective applicants under confidentiality, detailing assets, liabilities, claims and proceedings.

Regulation 35 requires the resolution professional to furnish the information memorandum electronically to committee members and prospective resolution applicants, containing assets and liabilities with descriptive details, recent audited and provisional financial statements, a creditor list with claimed and admitted amounts and security interests, related party debts, guarantees identifying related guarantors, significant litigation and regulatory proceedings, membership stakes, employee liabilities, and other relevant information; the resolution professional must provide further requested particulars to committee members when relevant to a resolution plan and may share the memorandum only after receiving a confidentiality undertaking.

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