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Article 21 Building society special administrator’s proposals: Objective 2 Stage

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

If the special administrator thinks that the statement made under section 147 of the Banking Act in accordance with rule 19 contains information required by rule 20(2), the statement under paragraph 49 of Schedule B1 to the Insolvency Act (as applied by Table 1 in section 145 of the Banking Act) may consist of the statement under section 147, with such additions, modifications and supplemental information as the special administrator thinks necessary–

(a)

to comply with rule 20(2); and

(b)

to bring the statement under section 147 up to date.