Scottish Football Association chief executive Stewart Regan has said that lessons will be learned from Rangers’ administration and that rules may change as a result.

The governing body announced on Wednesday that their internal investigation into events at Ibrox would be headed by Lord William Nimmo Smith and that findings were expected within two weeks.

The inquiry will be seeking to ascertain if the SFA’s Articles of Association were breached by Rangers. Regan, who will be part of the process, said that the findings could prompt a tightening of regulations.

"When you look back at a situation like this, hindsight is a wonderful thing,” he admitted. “I think, undoubtedly, there will be learnings coming out of this issue, learnings for all stakeholders.

"The Scottish FA will be looking at what we can do in the future to prevent situations like this happening again.

"Certainly, we are hoping there may be issues arising out of the independent inquiry that we can take and look at building into our
own articles of association for the future.

"But, at this stage, it's about establishing the facts, establishing what's gone on and deciding how we deal with it."

The chief executive also revealed that a number of member clubs had been in contact with the SFA to express concern over monies that they were owed by Rangers. Regan said that the SFA and the SPL were in talks to determine what steps could be taken to help other clubs that were affected by Rangers’ appointment of administrators.

"We have received correspondence from a number of individuals, particularly clubs that haven't been paid,” he confirmed.

"Those matters have been taken into consideration and ourselves and the Scottish Premier League are discussing what can be done to address that matter.

"There are a number of possible routes. The Scottish Premier League have an ability to off-set against future payments.

"Equally, the Scottish FA could consider that as a course of action.

"We are trying to understand the scale of the matter and clearly there is a need to work with the administrators to establish the facts and understand all of the potential creditors.

"Clearly there are those who have been identified as creditors in the administrator appointment but there are those potential creditors who are coming from within football.

"Before we embark upon specific actions and decide exactly what will
be done, we need to understand the facts and we are in that process at the moment.

"We've met with the administrators and they have agreed to be as totally co-operative as we require and we will be meeting them again this week to understand next steps."