OpenLegislation

Rule 22 Order of appointmentI1

England and Wales

(1)

The order of appointment shall specify the functions to be carried out by the provisional bank liquidator in relation to the bank’s affairs.

(2)

The court shall, immediately after the order is made, send 4 sealed copies of the order (or such larger number as the provisional bank liquidator may have requested), to the provisional bank liquidator.

(3)

The court shall also, if practicable, immediately send a F1copy of the order to the provisional bank liquidator electronically.

(4)

The provisional bank liquidator shall serve a sealed copy of the order on the bank at its registered office and, where the provisional bank liquidator knows the bank’s email address, will send an electronic copy to the bank.

(5)

The bank liquidator shall send F22 copies of the order—

(a)

to the Bank of England, F3the appropriate regulator, and the FSCS F4...

(b)

to the registrar of companies, F5...

(c)

(if applicable) to any administrative receiver of the bank F6; F7and

F8(d)

if there is in force for the bank a voluntary arrangement under Part 1 of the 1986 Act, the supervisor of that arrangement,

in accordance with paragraph (6).

F9(6)

One copy shall be sent electronically as soon as practicable and the other (a sealed copy) shall be sent by first class post on the business day on which the order is served on the bank.

Annotations

Textual amendments

F1

Word in rule 22(3) substituted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(a)

F2

Words in rule 22(5) substituted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(b)(i)

F3

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)

F4

Words in rule 22(5)(a) omitted (15.11.2010) by virtue of The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(b)(ii)

F5

Word in rule 22(5)(b) omitted (15.11.2010) by virtue of The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(b)(iii)

F6

Semicolon in rule 22(5)(c) substituted for full stop (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(b)(iv)

F7

Word in rule 22(5)(c) added (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(b)(iv)

F8

Rule 22(5)(d) and words added (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(b)(v)

F9

Rule 22(6) inserted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 16(c)

Commencement

I1

Rule 22 in force at 25.2.2009, see rule 1