OpenLegislation

Rule 154 Primacy of Objective 1I1

England and Wales

Where the bank liquidator considers that the carrying out of a duty imposed by a rule in this Part would prejudice the achievement of Objective 1, the bank liquidator shall postpone the carrying out of that duty until F1the bank liquidator considers that the carrying out of the duty would no longer be likely to prejudice the achievement of that Objective.

Annotations

Textual amendments

F1

Words in rule 154 substituted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 53

Commencement

I1

Rule 154 in force at 25.2.2009, see rule 1