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Rule 107 Bank liquidator deceasedI1

England and Wales

(1)

Unless notice of the death of the bank liquidator has been given under paragraph (2) or (3), it is the duty of the bank liquidator’s personal representatives, where the bank liquidator has died, to give notice of that fact to the Bank of England and the liquidation committee, specifying the date of the death.

(2)

If the deceased bank liquidator was a partner in a firm, notice may be given to the Bank of England, F1the appropriate regulator and liquidation committee by a partner in the firm who is qualified to act as an insolvency practitioner, or is a member of any body recognised by the Secretary of State for the authorisation of insolvency practitioners.

(3)

Notice of the death may also be given by any person producing the relevant death certificate or a copy of it to the Bank of England, the appropriate regulator and the liquidation committee.

(4)

The Bank of England shall give notice to the court, for the purpose of fixing the date of the deceased bank liquidator’s release.

Annotations

Textual amendments

F1

Words in Rules substituted (1.4.2013) by virtue of The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 163(f)

Commencement

I1

Rule 107 in force at 25.2.2009, see rule 1