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The Building Society Special Administration (Scotland) Rules 2009

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  1. Introductory Text

  2. PART 1

    1. 1.Citation

    2. 2.Commencement

    3. 3.Extent

    4. 4.Interpretation

    5. 5.In these Rules– (a) “the FSCS” means the scheme manager...

    6. 6.Overview

    7. 7.Forms

  3. PART 2

    1. 8.Introduction

    2. 9.Content of application

    3. 10.If the building society has notified the Bank of England...

    4. 11.Statement of proposed building society special administrator

    5. 12.Lodging

    6. 13.Notification

    7. 14.Notice of the application must be given under rule 13...

    8. 15.Notice of order

    9. 16.The Bank of England shall as soon as is reasonably...

    10. 17.Expenses

  4. PART 3

    1. 18.Introduction

    2. 19.Building society special administrator’s proposals: Objective 1 Stage

    3. 20.Building society special administrator’s proposals: Objective 2 Stage

    4. 21.If the special administrator thinks that the statement made under...

    5. 22.Where the court orders an extension of the period of...

    6. 23.Where the special administrator has made a statement under paragraph...

    7. 24.Where the special administrator intends to apply to the court...

    8. 25.(1) Any special administrator who wishes to publish a notice...

    9. 26.Reports to creditors

    10. 27.A progress report must be produced for—

    11. 28.(1) The special administrator must send a copy of each...

    12. 29.(1) A special administrator who fails to comply with rule...

    13. 30.Removal of special administrator in Objective 1 Stage

    14. 31.Appointment of provisional special administrator

    15. 32.(1) As soon as is reasonably practicable after appointment any...

    16. 33.The Bank of England may disclose the fact and terms...

    17. 34.Additional joint special administrator

    18. 35.End of administration: successful rescue

    19. 36.End of administration: dissolution

    20. 37.Proceedings under sections 213 and 214 of the Insolvency Act...

  5. PART 4

    1. 38.General application

    2. 39.For that purpose the rules apply with–

    3. 40.General modifications

    4. 41.Table of applications and specific modifications

  6. Signature

  7. Explanatory Note

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