OpenLegislation

Section 85 Appointment of manager to implement proposalsI1

(1)

The Regulator must appoint a manager to implement agreed proposals (where the proposals so provide).

(2)

A manager must comply with any direction by the Regulator about the performance of the manager's functions (and may be removed on failure to so comply).

(3)

A manager may apply to the Court of Session for directions about the performance of the manager's functions (and a direction by the court supersedes any contrary direction by the Regulator).

(4)

The Regulator may appoint another manager in place of a person who for any reason ceases to be manager.

Annotations

Commencement

I1

S. 85 in force at 1.4.2012 by S.S.I. 2012/39, art. 2, Sch. 1 (with Sch. 2)