Paragraph 3
A special administration (bank insolvency) order is to be treated as a special administration order and an administrator appointed under a special administration (bank insolvency) order is to be treated as if they were appointed under a special administration order for all purposes, save that—
the modifications set out in this Schedule shall apply; and
in regulation 22, the Bank of England may also make an application under paragraph (1) and the F1FCA or the PRA can only make an application with the consent of the Bank of England.
Annotations
Textual amendments
- F1
Words in Sch. 1 para. 3(b) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), art. 1(1), Sch. 2 para. 198(p) (with Sch. 2 para. 213)