Paragraph 15 Ending of special administration (bank administration) (rescue)
This regulation applies if—
the Bank of England has given an Objective A Achievement Notice; and
the administrator has pursued the first part of Objective 3 (as set out in regulation 10(1)(c)(i)) and thinks that it has been sufficiently achieved.
The administrator shall make an application under paragraph 79 of Schedule B1 (as applied by regulation 15).
An administrator who makes an application in accordance with sub-paragraph (2) must send a copy to the F1FCA and, where the investment bank concerned is a PRA-authorised person, the PRA.
Annotations
Textual amendments
- F1
Words in Sch. 2 para. 15(3) 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(q)(xi) (with Sch. 2 para. 213)