Rule 40 - Advisory committee not to make profit

Advisory committee profit prohibition bars members from gaining or receiving payments from winding up transactions absent a Tribunal order.

Rule 40 prohibits advisory committee members from deriving any profit, directly or indirectly, from winding up transactions or from receiving payments out of the company's assets for services or goods supplied in connection with asset administration, except under an order of the Tribunal; any such payments or profits made contrary to this rule shall be disallowed or recovered on the audit of the liquidator's accounts or otherwise.