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The Building Society Insolvency Rules (Northern Ireland) 2014
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PART 17MISCELLANEOUS RULES
SECTION ARETURN OF CAPITAL
Application to court for order authorising return of capital
178. Apply rule 4.231 of the 1991 Rules.
Procedure for return of capital
179. Apply rule 4.232 of the 1991 Rules.
SECTION BCONCLUSION OF BUILDING SOCIETY INSOLVENCY
Appropriate regulator’s directions under section 116 of the Banking Act
180. Where the appropriate regulator gives a direction under section 116 of the Banking Act (application by an interested person for postponement of dissolution) the appropriate regulator shall send a copy of the direction to that applicant(1).
Procedure following appeal under section 116 of the Banking Act
181. Following an appeal under section 116(2) of the Banking Act (against a decision of the appropriate regulator under that section) the court shall send two sealed copies of its order to the person in whose favour the appeal was determined and that person shall send one of the copies to the regulator in question.
(1)
The Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805) modifies the application of section 116.
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