Paragraph 8 Modifications to the Bank Insolvency (No. 2) Rules (Northern Ireland) 2009
The provisions of the Bank Insolvency (No. 2) Rules (Northern Ireland) 2009 M1 apply in relation to an authorised bank—
(a)
with any reference to “insolvent estate”, “property” or “asset” modified so that it does not include a reference to the backing assets; and
(b)
with any reference to the “1991 Rules” modified so that it is a reference to the Insolvency Rules (Northern Ireland) 1991 as modified by paragraph 6 of this Schedule.
Annotations
Marginal citations
- M1