Rule 209 Application to court to remove administrator from officeI1
England and Wales
Any application under paragraph 88 shall state the grounds on which it is requested that the administrator should be removed from office.
In a special administration (bank administration), the application must state that either—
the Bank of England has consented to the application being made; or
the Bank of England has given an Objective A Achievement Notice.
Service of the notice of the application shall be effected on—
the administrator;
the person who made the application for the special administration order;
the creditors’ committee (if any);
the joint administrator (if any);
where there is neither a creditors’ committee or joint administrator, the investment bank and all the creditors and clients of whose claim the administrator is aware and of whom they have a means of contacting;
the F1FCA and, where the investment bank concerned is a PRA-authorised person, the PRA; and
in a special administration (bank administration) where the Bank of England has not given an Objective A Achievement Notice, the Bank of England.
Where a court makes an order removing the administrator it shall give a copy of the order to the applicant who as soon as reasonably practicable, shall send a copy to the administrator.
The applicant shall also within 5 business days of the order being made send a copy of the order to all those to whom notice of the application was sent.
The applicant shall send notice of the order to the registrar of companies within the same time period.
Annotations
Textual amendments
- F1
Words in art. 209(3)(f) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 210(c)(d)(xviii) (with Sch. 2 para. 211)