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The Bank Administration Rules (Northern Ireland) 2009
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4. The following expressions used in these Rules take their meaning from the Banking Act 2009 —
“bank” (s. 2),
“bank administration” (s. 141(4)(a)),
“bank administration order” (s. 141(1)),
“bank administrator” (s. 141(1)),
“the court” (the High Court – s. 166(1)),
“the FSA” (the Financial Services Authority – s. 166(2)),
“Objective 1” (support for commercial purchaser or bridge bank – ss. 137 & 138),
“Objective 1 Achievement Notice” (s. 139(4)),
“Objective 2” (normal administration – ss. 137 & 140),
“residual bank” (s. 136(2)), and
“resolution fund order” (s. 49(3)).
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