# The Bank Insolvency (England and Wales) Rules 2009, Rule 87: Creditors’ meeting to be notified of the bank liquidator’s resignation

Extent: E+W

(1) Apply rule 4.108 of the 1986 Rules.
(2) 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 paragraph (1A) shall enclose a copy of the Bank of England’s consent.”
(3) 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 the appropriate regulator.”.

---
Source: https://www.legislation.gov.uk/uksi/2009/356/rule/87 (the official version)
Page: https://openlegislation.uk/bank-insolvency-england-and-wales-rules-2009/rule-87
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.