The Building Society Insolvency Rules (Northern Ireland) 2014

PART 23 INTERPRETATION

Introductory

274.  This Part of the Rules has effect for their interpretation and application; and any definition given in this Part (and in any provision of the 1991 Rules applied by this Part) applies except, and in so far as, the context requires otherwise.

Expressions used generally

275.—(1) Apply rule 0.2 of the 1991 Rules.

(2) For the definition “insolvency proceedings” after “Order” insert “, the Banking Act 2009”.

“Give notice”, etc.

276.—(1) Apply rule 0.3 of the 1991 Rules.

(2) In paragraph (3) after “personal service of a document”, add “which means the same as service by hand”.

Notice, etc to solicitors

277.  Apply rule 0.4 of the 1991 Rules.

Notice to joint building society liquidators

278.  Where two or more persons are acting jointly as the building society liquidator, delivery of a document to one of them is to be treated as delivery to them all.

“Insolvent estate”

279.  References to “the insolvent estate” are to the assets of the building society.

“Responsible insolvency practitioner”, etc.

280.  In relation to a building society insolvency, “ the responsible insolvency practitioner” means the person acting in the building society insolvency as building society liquidator or provisional building society liquidator.

“The appropriate fee”

281.  ”The appropriate fee” means 15 pence per A4 or A5 page, and 30 pence per A3 page.

The Schedule

282.  The Schedule which applies relevant schedules to the 1991 Rules to these Rules, with modifications, has effect.