47.—(1) The process for the appointment of an additional joint bank administrator is the same as for the initial appointment of a bank administrator.
(2) The existing bank administrator (or each of them) is entitled to a copy of the application and may—
(a)file written representations; and
(b)be heard at the hearing.
(3) An application for the appointment of an additional joint bank administrator may be made during the Objective 1 Stage only by the Bank of England.
(4) Rule 58 applies Rule 2.128 of the 1991 Rules (notification and advertisement of the appointment of an additional joint administrator).