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The Building Society Insolvency Rules (Northern Ireland) 2014
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Meeting of creditors to remove building society liquidator
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91.—(1) Apply rule 4.120 of the 1991 Rules.
(2) In paragraph (1), for “Article 148(4)”, substitute “section 109 of the Banking Act”.
(3) In paragraph (2), for “official receiver” substitute “Bank of England and the appropriate regulator”.
(4) For paragraph (4) substitute—
“(4) Where the meeting passes a resolution that—
(a)the building society liquidator be removed;
(b)a new building society liquidator be appointed; or
(c)the building society liquidator not be given their release;
the building society liquidator shall be given a copy of that resolution.”.
(5) For paragraph (5), substitute—
“(5) If it has been resolved to remove the building society liquidator, the building society liquidator shall be given a certificate to that effect.”.
(6) For paragraph (6) substitute—
“(6) If the creditors have resolved to appoint a new building society liquidator, the certificate of that appointment shall also be sent to the appropriate regulator and rule 4.106 shall apply.”.
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