OpenLegislation

Rule 132 Application in a special administration (bank administration)I1

England and Wales

If an application referred to in rule 131(1) is made before the Bank of England has given an Objective A Achievement Notice—

(a)

the administrator must notify the Bank of England of the time and place of the hearing;

(b)

the Bank of England may appear at the hearing;

(c)

if an order is made, the administrator must send a copy to the Bank of England as soon as is reasonably practicable.

Annotations

Commencement

I1

Rule 132 in force at 30.6.2011, see rule 2