Rule 26 Making, transmission and advertisement of orderI1
England and Wales
The court shall not make a special administration (bank insolvency) order unless the person nominated to be appointed as the administrator in the application for the order has filed in court a witness statement under rule 23.
When the order has been made, the court shall immediately send 5 sealed copies (or such larger number as the administrator may have requested) to the administrator.
The court shall also, if practicable, immediately send a copy of the order to the administrator electronically.
The administrator shall serve a sealed copy of the order on the investment bank at its registered office and, where the bank liquidator knows the investment bank’s email address, will send an electronic copy to the investment bank.
The administrator shall send 2 copies of the order—
to the Bank of England, the F1FCA and, where the investment bank concerned is a PRA-authorised person, the PRA and the FSCS; and
if there is in force for the investment bank a voluntary arrangement under Part 1 of the 1986 Act, the supervisor of that arrangement,
in accordance with paragraph (6).
One copy shall be sent electronically as soon as reasonably practicable and the other (a sealed copy) shall be sent by first class post on the business day on which the order is served on the investment bank.
Annotations
Textual amendments
- F1
Words in art. 26(5)(a) 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)(i) (with Sch. 2 para. 211)