# The Bank Insolvency (England and Wales) Rules 2009, Rule 45: Requisitioned meetings: reforming the liquidation committee

Extent: E+W

(1) Rule 4.57 of the 1986 Rules also applies where—
(a) the liquidation committee has ceased to exist at the end of the first meeting of creditors under rule 41 and no further steps have been taken to re-establish that committee; and
(b) the bank liquidator has been requested, by no less than one-tenth in value of the bank’s creditors, to summon a meeting for the purpose of re-establishing the liquidation committee.
(2) Where a meeting is requisitioned to re-establish the liquidation committee, the time periods set out in rule 4.57 of the 1986 Rules may be expedited by the bank liquidator at the request of the bank’s creditors.
(3) The bank liquidator shall give notice of the meeting to the appropriate regulator and Bank of England.
(4) Rule 41(1) and (2) shall apply at this meeting as if it were the first meeting of creditors.

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Source: https://www.legislation.gov.uk/uksi/2009/356/rule/45 (the official version)
Page: https://openlegislation.uk/bank-insolvency-england-and-wales-rules-2009/rule-45
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.