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The Bank Administration Rules (Northern Ireland) 2009

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Interpretation

5.  In these Rules—

(a)“the FSCS” means the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000(1)) or, where appropriate, the scheme manager of that scheme;

(b)“the Objective 1 Stage” means the period during which a bank administration order is in force before the Bank of England gives an Objective 1 Achievement Notice; and

(c)“the Objective 2 Stage” means the period during which a bank administration order is in force after the Bank of England gives an Objective 1 Achievement Notice;

(d)A reference to personal service is a reference to personal service in accordance with Order 65 of the Supreme Court Rules (service of documents); and

(e)A reference to a witness statement (including a reference implied by the application of an enactment) is a reference to a witness statement verified by a statement of truth.

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