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Article 11 Statement of proposed bank administrator

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

An application must be accompanied by a statement by each proposed bank administrator—

(a)

specifying the name and address of the person proposed to be appointed;

(b)

giving that person’s consent to act;

(c)

giving details of that person’s qualification to act as an insolvency practitioner; and

(d)

giving details of any prior professional relationship that person (or any other proposed bank administrator) has had with the bank.