OpenLegislation

Rule 42 I1

The application must be supported by a witness statement stating—

(a)

why the Bank of England thinks that a provisional special administrator should be appointed,

(b)

that the person to be appointed has consented to act,

(c)

that the person to be appointed is qualified to act as an insolvency practitioner,

(d)

whether, to the Bank of England’s knowledge, a voluntary arrangement under Part 1 of the Insolvency Act 1986 (as applied in relation to building societies by section 90A of, and Schedule 15A to, the Building Societies Act 1986) has been proposed or is in force in respect of the society,

(e)

whether, to the Bank of England’s knowledge, an administrative receiver is acting in respect of the society, and

(f)

the Bank of England’s estimate of the value of the assets in respect of which the provisional special administrator is to be appointed.

Annotations

Commencement

I1

Rule 42 in force at 15.11.2010, see rule 2