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Article 99 Chair of meetings

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Meetings shall be chaired by the bank liquidator or a person nominated in writing by the bank liquidator.

(2)

A person nominated under paragraph (1) must be–

(a)

qualified to act as an insolvency practitioner in accordance with section 390 of the 1986 Act; or

(b)

an employee of the bank liquidator or of the bank liquidator’s firm who is experienced in insolvency matters.