# The Investment Bank Special Administration (England and Wales) Rules 2011, Rule 34: Failure to give or keep up security

Extent: E+W

(1) If the person appointed under rule 30 fails to give or keep up their security, that person may be removed by the court and the court make such order as it thinks just as to costs.
(2) If an order is made under this rule, the court shall give directions as to the steps to be taken for the appointment of another person under rule 30.
(3) Where another person is appointed under rule 30, that person shall send notice of their appointment to the registrar of companies.

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Source: https://www.legislation.gov.uk/uksi/2011/1301/rule/34 (the official version)
Page: https://openlegislation.uk/investment-bank-special-administration-england-and-wales-rules-2011/rule-34
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.