{
  "url": "https://openlegislation.uk/bank-administration-scotland-rules-2009/note",
  "json_url": "https://openlegislation.uk/bank-administration-scotland-rules-2009/note.json",
  "legislation": "uksi/2009/350",
  "legislation_title": "The Bank Administration (Scotland) Rules 2009",
  "legislation_url": "https://openlegislation.uk/bank-administration-scotland-rules-2009",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Rules)\nThese Rules set out the procedure for the bank administration process under Part 3 of the Banking Act 2009 in Scotland.\nThe main features of bank administration are that:\n(a) it is used where part of the business of a bank is sold to a commercial purchaser or transferred to a bridge bank in accordance with section 12 of the Banking Act;\n(b) the court appoints a bank administrator on the application of the Bank of England;\n(c) the bank administrator ensures that the non-sold or non-transferred part of the bank provides services or facilities to enable the commercial purchaser or bridge bank to operate effectively;\n(d) the bank administrator has two objectives (Objective 1 – supporting the private purchaser or bridge bank; and Objective 2 – normal administration); and\n(e) in other respects the process is the same as for normal administration under the Insolvency Act 1986, subject to specified modifications.\nPart 2 of the Rules sets out special provisions about applications for bank administration.\nPart 3 of the Rules sets out special provisions about the bank administration process.\nPart 4 of the Rules applies specified provisions of the Insolvency (Scotland) Rules 1986 for general purposes in connection with bank administration, subject to a number of general and specific modifications.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/350/note",
    "retrieved_at": "2026-10-29T03:17:39.399532+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}