Rule 49 Appointment of person under section 135I1
England and Wales
An application to the court for the appointment of a person under section 135 of the 1986 Act (as applied by Table 2 in section 145(6) of the 2009 Actf1 and by paragraph 6 of Schedule 2 to the Regulations) may be made by the Bank of England.
The application must be supported by a witness statement stating—
why the Bank of England thinks that such a person should be appointed;
that the person to be appointed has consented to act;
that the person to be appointed is qualified to act as an insolvency practitioner;
whether, to the Bank of England’s knowledge, a company voluntary arrangement under Part 1 of the Insolvency Act 1986 has been proposed or is in force in respect of the investment bank; and
the Bank of England’s estimate of the value of the assets in respect of which the person is to be appointed.
If satisfied that sufficient grounds are shown for the appointment, the court may make it on such terms as it thinks fit.
Annotations
Commencement
Footnotes
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Section 145 was amended by section 21 of the Financial Services Act 2010 (c. 28).