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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.