Rule 96 Release of resigning or removed building society liquidatorI1

England and Wales

(1)

Apply rule 4.121 of the 1986 Rules.

(2)

In paragraph (1), for “accepted by” substitute “notified to”.

(3)

For rule 4.109 substitute “rule 89 of the 2010 Rules”.

(4)

In paragraph (3)—

(a)

in sub paragraph (a) for “receive his resignation” substitute “be notified of his resignation”; and

(b)

leave out “or” at the end of sub–paragraph (a) and at the end of sub–paragraph (b) insert “or” and—

“(c)
the building society liquidator resigns, and the Bank of England has refused his release,”.

(5)

For paragraph (4) substitute—

“(4)
When the Secretary of State gives the release, he shall certify it accordingly, file the certificate in court and send a copy to the F1appropriate regulator.”.

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 96 in force at 15.11.2010, see rule 1