http://www.legislation.gov.uk/id/uksi/2009/806

http://www.legislation.gov.uk/uksi/2009/806/article/31/made

The Building Society Special Administration (Scotland) Rules 2009

Building societies

Banking

Appointments procedure

King's Printer of Acts of Parliament

2015-06-23

BUILDING SOCIETIES, SCOTLAND

These Rules set out the procedure for the building society special administration process under Part 3 of the Banking Act 2009 (c.1) (“the Banking Act”) in Scotland. Part 3 of the Banking Act is applied in relation to building societies by section 90C of the Building Societies Act 1986 (c.53) and by the Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805

The Building Society Special Administration (Scotland) Rules 2009

rule 4(1)(ba)

The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013

Sch. 2

para. 170(a)(i)

The Building Society Special Administration (Scotland) Rules 2009

rule 16(b)(ba)

The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013

Sch. 2

para. 170(d)

The Building Society Special Administration (Scotland) Rules 2009

Rules

The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013

Sch. 2

para. 170(f)

The Building Society Special Administration (Scotland) Rules 2009

rule 4(1)(l)

(ai)

The Bank of England and Financial Services (Consequential Amendments) Regulations 2017

Sch.

para. 33

reg. 1

PART 3Process of Building Society Special Administration

Appointment of provisional special administrator31

If the court makes an order appointing one or more provisional special administrators the court shall–

a

notify the Bank of England;

b

send a copy of the order to the person appointed (by email if possible); and

c

send a copy of the order to any administrative receiver of the building society.