OpenLegislation

Rule 17 Appointment of person under section 135 of the 1986 Act

Original text. Later amendments are not shown.

(1)

An application to the court for the appointment of a person under section 135 of the 1986 Act (as applied by paragraph 8 of Schedule 1 to the Regulations) may be made—

(a)

by the Bank of England; or

(b)

by the FSA, with the consent of the Bank of England.

(2)

The court may on the application, if satisfied that an application has been made for a special administration (bank insolvency) order and that sufficient grounds are shown for the making of the order, make it on such terms as it thinks fit.