Appointment of Administrator establishes a regulated procedure to collect, verify and refund investor claims under supervision. Appointment of an independent Administrator and a structured mechanism for returning funds to investors are established; the regulations prescribe circumstances for appointment, the Administrator's authority to take custody of assets and records, and a procedural framework for collecting, verifying and disbursing investor claims, with safeguards on documentation, timelines, dispute resolution and regulatory oversight to ensure orderly administration and investor protection.