Paragraph 16 Ending of special administration (bank administration) (dissolution or voluntary arrangement

the Bank of England has given an Objective A Achievement Notice;

the administrator believes that Objectives 1 and 2 have been sufficiently achieved; and

the administrator pursues the second part of Objective 3 (as set out in regulation 10(1)(c)(ii)).

give a notice under paragraph 84 of Schedule B1 (as applied by regulation 15); or

make a proposal in accordance with Part 1 of the Insolvency Act (company voluntary arrangement).

in section 3 (summoning of meetings), subsection (2) (and not (1)) applies;

the action that may be taken by a court under section 5(3) (effect of approval) includes suspension of the special administration order; F1...

sections 2 to 6 and 7 F3... have effect without the amendments of those provisions made by paragraphs 2 to F48 of Schedule 9 to the Small Business, Enterprise and Employment Act 2015 (further amendments relating to the abolition of requirements to hold meetings: company voluntary arrangements); and

on the termination of a company voluntary arrangement the administrator may apply to the court to lift the suspension of the special administration order.