Rule 279 Application for permission under section 216(3)I1
England and Wales
(1)
At least 14 days notice of any application for permission to act in any of the circumstances which would otherwise be prohibited by section 216(3) must be given by the applicant to the Secretary of State, who may—
(a)
appear at the hearing of the application; and
(b)
whether or not appearing at the hearing, make representations.
(2)
When considering an application for permission under section 216, the court may call on the administrator, or any former administrator of the investment bank for a report of the circumstances in which that investment bank became insolvent and the extent (if any) of the applicant’s apparent responsibility for its doing so.