Explanatory note
(This note is not part of the Rules)
These Rules amend the Bank Insolvency (England and Wales) Rules 2009 (S.I. 2009/356) (“the Bank Insolvency Rules”) to—
provide that the reference to the Insolvency Rules 1986 (S.I. 1986/1925) in the Bank Insolvency Rules includes all amendments to the Insolvency Rules 1986 up to and including those made by the Insolvency (Amendment) Rules 2009 (S.I. 2009/642) and the Insolvency (Amendment) (No.2) Rules 2009 (S.I. 2009/2472) (“the 2009 amending instruments”) (rule 4);
reflect amendments made to the Insolvency Rules 1986 by the 2009 amending instruments (rules 49, 51, 60, 62, 63, 65-67, 74, 75, 78 and 82);
make other minor amendments to the Bank Insolvency Rules; and
correct minor drafting errors.
An Impact Assessment on the effect of the amendments to the Bank Insolvency (England and Wales) Rules 2009 (S.I. 200/356) has been prepared and may be obtained from the Financial Regulatory Strategy team , HM Treasury, 1 Horse Guards Road, London, SW1A 2HQ. It is also available on HM Treasury’s website (www.hm-treasury.gov.uk).