Rule 154 Application for permission under section 216(3) of the IA 1986I1

At least fourteen days’ notice of any application for permission to act in all or any of the ways which would otherwise be prohibited by section 216(3) of the IA 1986 must be given by the applicant to the Secretary of State, who may—

When considering an application for permission under section 216 of the IA 1986, the court may call on the administrator, or any former administrator, of the institution for a report of the circumstances in which that institution became insolvent and the extent (if any) of the applicant’s apparent responsibility for the institution becoming insolvent.