Article 47 Additional joint bank administratorI1

Northern Ireland

(1)

The process for the appointment of an additional joint bank administrator is the same as for the initial appointment of a bank administrator.

(2)

The existing bank administrator (or each of them) is entitled to a copy of the application and may—

(a)

file written representations; and

(b)

be heard at the hearing.

(3)

An application for the appointment of an additional joint bank administrator may be made during the Objective 1 Stage only by the Bank of England.

(4)

Rule 58 applies Rule 2.128 of the 1991 Rules (notification and advertisement of the appointment of an additional joint administrator).

Annotations