Rule 5 InterpretationI1

England and Wales

In these Rules—

(a)

“the FSCS” means the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000^f1),

(b)

“the Objective 1 Stage” means the period during which a building society special administration order is in force before the Bank of England gives an Objective 1 Achievement Notice,

(c)

“the Objective 2 Stage” means the period during which a building society special administration order is in force after the Bank of England gives an Objective 1 Achievement Notice,

(d)

a reference to personal service is a reference to personal service in accordance with Part 6 of the Civil Procedure Rules 1998^f2,

(e)

a reference to the CPR is to the Civil Procedure Rules 1998, and

(f)

a reference to a witness statement (including a reference implied by the application of an enactment) is a reference to a witness statement—

(i)

verified by a statement of truth in accordance with Part 22 of the CPR, and

(ii)

if made by a building society special administrator, stating that the statement is made in that capacity and giving the address at which the special administrator works, and

(g)

“the purpose of the special administration” is a reference to the objectives of building society administration in section 137 of the Banking Act 2009.

Rule 5 InterpretationI1

Annotations

Commencement

Footnotes