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Article 35 Additional joint bank administrator

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

(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)

lodge written answers; and

(b)

be heard at any hearing fixed by the court.

(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 39 below applies rules 2.19 and 2.55 of the 1986 Rules.