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10. Remuneration in winding-up where assets realised on behalf of charge holder

(1) A liquidator (including in a members' voluntary winding-up) who realises assets on behalf of a secured creditor is entitled to such sum by way of remuneration as is arrived at —
(a) in a winding-up where the assets are subject to a charge which when created was a mortgage or a fixed charge, by applying the realisation scale published by the Board to the moneys received by the liquidator in respect of the assets realised (after deducting any sums spent out of money received in carrying on the business of the Company);
(b) in a winding-up where the assets realised are subject to a charge which when created was a floating charge, by —
(i) applying the realisation scale published by the Board to moneys received by the liquidator from the realisation of those assets (ignoring any sums received which are spent in carrying on the business of the Company); and
(ii) adding to the sum arrived at under sub-paragraph (b)(i) such sum as is arrived at by applying the distribution scale published by the Board to the value of the assets distributed to the holder of the charge and payments made in respect of preferential debts.
(2) The sum to which the liquidator is entitled must be taken out of the proceeds of the realisation.