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Regulation 43 Successful rescue

Original text. Later amendments are not shown.

(1)

This regulation applies if the administrator has—

(a)

in pursuit of Objective 3, pursued the rescue of the institution as a going concern, and

(b)

thinks that this has been sufficiently achieved.

(2)

The administrator must make an application in accordance with paragraph 79 of Schedule B1 as applied and modified by these Regulations.

(3)

An administrator who makes an application referred to in paragraph (2) must send a copy to the FCA.