Rule 143 Application to replace (special administration (bank insolvency))

This rule applies in a special administration (bank insolvency) before the Objective A committee has passed a full payment resolution.

Where there is a vacancy in the office of administrator the Bank of England must appoint a replacement administrator as soon as reasonably practicable.

The rules for the appointment of an administrator in Chapter 2 of Part 2 shall apply to the appointment of a replacement administrator.