Section 95 ApplicationI1
United Kingdom
(1)
An application for a bank insolvency order may be made to the court by—
(a)
the Bank of England,
(b)
the F1PRA, or
(c)
the Secretary of State.
(2)
An application must nominate a person to be appointed as the bank liquidator.
(3)
The bank must be given notice of an application, in accordance with rules under section 411 of the Insolvency Act 1986 (as applied by section 125 below).
Annotations
Textual amendments
- F1
Word in s. 95(1)(b) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 32 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement
- I1
S. 95 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 2