The Admin "rules" at the EFL`s discretion.....
12.1 If any Club becomes subject to or suffers an Insolvency Event, that Club shall be deducted 12 points.
12.2 If a Group Undertaking of a Club becomes subject to or suffers an Insolvency Event, then the Board shall have the power to impose upon the Club a deduction of 12 points scored or to be scored in the League Competition. In exercising this power the Board shall have regard to all the circumstances of the case and to:
12.2.1 such of the provisions of the Insolvency Act, the Competition Act 1998 and the Enterprise Act 2002 as are relevant and then in force;
12.2.2 the need to protect the integrity and continuity of the League Competition;
12.2.3 the reputation of The League and the need to promote the game of association football generally; and
12.2.4 the relationship between the Club and the Group Undertaking.
12.3 Subject to the provisions of Regulation 12.4 below, where the Club becomes subject to or suffers an Insolvency Event, or the Board impose a deduction in accordance with Regulation 12.2:
12.3.1 during the Normal Playing Season but prior to 5.00pm on the fourth Thursday in March, the points deduction shall apply immediately;
12.3.2 during the Normal Playing Season but after 5.00pm on the fourth Thursday in March, Regulation 12.4 shall apply; and
12.3.3 outside the Normal Playing Season, the points deduction shall apply in respect of the following Season such that the Club starts that Season on minus 12 points (including in the National League if appropriate).
12.4 Where the circumstances set out in Regulation 12.3.2 apply and at the end of that Season, having regard to the number of championship points awarded (ignoring any potential deduction):
12.4.1 the Club would be relegated in accordance with Regulation 10.1.2(b) or 7.7, the points deduction will apply in the next following Season (including in the National League if appropriate); or
12.4.2 the Club would not be relegated as aforesaid, the points deduction will apply in that Season and Regulation 10.1.2(b) or 7.7 will then apply (if appropriate) following imposition of the points deduction.
12.5 For the avoidance of doubt, where a Club and/or Group Undertaking is subject to more than one of the procedures in Regulation 12.1 above during a process of compromising creditors (for example Administration followed by a Company Voluntary Arrangement), the Club shall only be deducted one set of 12 points, such deduction to apply with effect from the first Insolvency Event.
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