OpenLegislation

Article 13 Notification

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

The Bank of England shall give notice of the application to–

(a)

the building society;

(b)

the FSA;

(c)

the person (or each of the persons) nominated for appointment as special administrator;

(d)

any person whom the Bank of England knows to be entitled to appoint a receiver of the whole (or substantially the whole) of the society’s property;

(e)

any person who has given notice to the FSA in respect of the society under section 90D of the Building Societies Act (notice to the Authority of preliminary steps)f1;

(f)

each transferee referred to in any property transfer instrument made or to be made under section 11(2)(b) of the Banking Act (transfer to commercial purchaser);

(g)

any enforcement officer or other officer whom the Bank of England knows to be charged with effecting an execution, any diligence or other legal process against the building society or its property; and

(h)

any person whom the Bank of England knows to have executed diligence against the society or its property.

Annotations

Footnotes

f1

Section 90D was inserted by the Building Societies (Insolvency and Special Administration) Order 2009.