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The Building Society Special Administration Rules (Northern Ireland) 2014
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Building society special administrator’s proposals: Objective 2 Stage
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35.—(1) Where the special administrator wishes to publish a notice under paragraph 50(6) of Schedule B1 (as applied by Table 1 in section 145(6) of the Banking Act) the notice shall be advertised in such manner as the special administrator thinks fit.
(2) The notice shall—
(a)state the full name of the society;
(b)state the full name and address of the special administrator;
(c)give details of the appointment of the special administrator; and
(d)specify an address to which members can write for a copy of the statement of proposals.
(3) The notice shall be published as soon as is reasonably practicable after the special administrator sends the statement of proposals to the society’s creditors, but no later than 8 weeks (or such other period as may be agreed by the creditors or as the court may order) from the date that the society entered special administration.
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