Rule 16 Making, transmission and advertisement of orderI1
England and Wales
The court shall not make a building society insolvency order unless the person nominated to be appointed as the building society liquidator in the application for the order has filed in court a witness statement under rule 13.
When the building society insolvency order has been made the court shall immediately send five sealed copies (or such larger number as the building society liquidator may have requested) to the building society liquidator.
The court shall also, if practicable, immediately send a copy of the order to the building society liquidator electronically.
The building society liquidator shall serve a sealed copy of the order on the building society at its principal office and, where the building society liquidator knows the building society’s email address, shall send an electronic copy to the building society.
The building society liquidator shall send two copies of the order to—
the Bank of England,
the F1appropriate regulator,
the FSCS,
if there is in force for the building society a voluntary arrangement under Part 1 of the Insolvency Act, the supervisor of that arrangement, and
if an administrative receiver has been appointed in relation to the building society, that administrative receiver,
in accordance with paragraph (6).
One copy shall be sent electronically as soon as practicable and the other (a sealed copy) shall be sent by first class post on the business day on which the order is served on the building society.
The building society liquidator—
shall cause notice of the order to be gazetted as soon as reasonably practicable , and
may advertise notice of the order in such other manner as the building society liquidator thinks fit.
Annotations
Textual amendments
- F1
Words in Rules substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 191(5)
Commencement
- I1
Rule 16 in force at 15.11.2010, see rule 1