Part 2Bank Insolvency
Tenure of bank liquidator
108Removal by court
1
A bank liquidator may be removed by order of the court on the application of—
a
the liquidation committee,
b
the FSA, or
c
the Bank of England.
2
Before making an application the FSA must consult the Bank of England.
3
Before making an application the Bank of England must consult the FSA.
4
A bank liquidator removed by order has release with effect from a time determined by—
a
the Secretary of State, or
b
in the case of a bank liquidator in Scotland, the Accountant of Court.