Rule 86 Appointment to be advertised and registeredI1

England and Wales

(1)

This rule applies where the bank liquidator is appointed by a meeting of the creditors or by the Bank of England under rule 106.

F1(2)

The bank liquidator shall, after receiving the certificate of appointment, give notice of that appointment as soon as reasonably practicable. Such notice —

(a)

shall be gazetted; and

(b)

may be advertised in such other manner as the bank liquidator thinks fit.

(3)

The expense of giving notice under this rule shall be borne in the first instance by the bank liquidator; but he is entitled to be reimbursed as an expense of the bank insolvency.

(4)

The bank liquidator shall immediately notify his appointment to the registrar of companies.

Annotations

Textual amendments

F1: Rule 86(2) substituted (15.11.2010) by The Bank Insolvency (England and Wales) (Amendment) Rules 2010 (S.I. 2010/2579), rules 1, 34

Commencement

I1: Rule 86 in force at 25.2.2009, see rule 1