OpenLegislation

Rule 109 Application in a special administration (bank administration)

Original text. Later amendments are not shown.

If an application referred to in rule 108(1) is made before the Bank of England has given an Objective A Achievement Notice—

(a)

the administrator must notify the Bank of England of the time and place of the hearing;

(b)

the Bank of England may appear or be represented at the hearing;

and if an order is made, the administrator must send a copy to the Bank of England as soon as reasonably practicable.