585.This paragraph provides for the way in which any payments, that under a special measures order must be made by an accountable person to the special measures manager for the building, must be held (sub-paragraphs (2) and (3)). The funds are to be held on trust to meet costs that the special measures manager incurs in connection with the exercise of their management functions, and subject to this on trust for the relevant accountable person or persons. Subsection (4) provides for how the accountable person or persons is to be treated in terms of their entitlement to any remaining funds.
Schedule 2 - Special measures orders Payments received by special measures manager to be held on trust