Rule 87 Creditors’ meeting to be notified of the bank liquidator’s resignationI1

Apply rule 4.108 of the 1986 Rules^f1.

For paragraph (1), substitute—

“(1)

Before resigning office, the bank liquidator must obtain the consent of the Bank of England and must call a meeting of creditors to notify them of this.

(1A)

The notice summoning the meeting shall indicate that this is the purpose, or one of the purposes, of the meeting and shall draw the attention of the creditors to rule 95 with respect to the bank liquidator’s release.

(1B)

The notice in F1paragraph (1A) shall enclose a copy of the Bank of England’s consent.”

For paragraph (2) substitute—

“(2)

Copies of the notice and of the account mentioned in paragraph (3) shall be sent to the court, the Bank of England and F2the appropriate regulator.”.