Rule 147 Additional joint administrator (special administration (bank administration))

(1)

This rule applies to an application to appoint an additional joint administrator in a special administration (bank administration) before the Bank of England has given an Objective A Achievement Notice.

(2)

The process for the initial appointment of an administrator under Chapter 3 of Part 2 shall apply to the appointment of an additional joint administrator.

(3)

The existing administrator (or each of them) is entitled to a copy of the application and may—

(a)

lodge written representations; and

(b)

appear or be represented at the hearing.

(4)

An application for the appointment of an additional joint administrator under this rule may only be made by the Bank of England.

(5)

Rule 145 applies in respect to the notification and advertisement of the appointment of an additional joint administrator.