Rule 222 Application to court by creditorI1

England and Wales

(1)

Where a creditor applies to the court to end the special administration a copy of the application shall be served on—

(a)

the administrator;

(b)

the person who made the application for the special administration order; and

(c)

the F1FCA and, where the investment bank concerned is a PRA-authorised person, the PRA.

(2)

Service shall be effected not less than 5 business days before the date fixed for the hearing.

(3)

The persons in paragraph (1) may appear at the hearing of the application.

(4)

Where the court makes an order to end the special administration, the court shall send a copy of the order to the administrator.

(5)

This rule does not apply in a special administration (bank insolvency) or a special administration (bank administration).

Annotations

F1: Words in art. 222(1)(c) 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)(xx) (with Sch. 2 para. 211)