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Rule 41 Appointment of provisional bank administrator

Original text. Later amendments are not shown.

The application must be supported by a witness statement stating—

(a)

why the Bank of England thinks that a provisional bank administrator should be appointed,

(b)

that the person to be appointed has consented to act,

(c)

that the person to be appointed is qualified to act as an insolvency practitioner,

(d)

whether, to the Bank of England’s knowledge, a company voluntary arrangement under Part 1 of the Insolvency Act 1986 has been proposed or is in force in respect of the bank,

(e)

whether, to the Bank of England’s knowledge, an administrative receiver is acting in respect of the bank, and

(f)

the Bank of England’s estimate of the value of the assets in respect of which the provisional bank administrator is to be appointed.