138.—(1) The administrator must give at least 5 business days’ notice of the administrator’s intention to resign, or to apply for the court’s leave to do so—
(a)if there is a continuing administrator of the investment bank, to that person;
(b)if there is a creditors’ committee, to it; but
(c)if there is no such administrator and no creditors’ committee, to the investment bank, its creditors and its clients of whose claim the administrator is aware and whom the administrator has a means of contacting.
(2) Where the administrator was appointed on the application of the FSA or the Secretary of State, notice under paragraph (1) shall also be given to that applicant.
(3) In a special administration (bank insolvency), before the Objective A committee has passed a full payment resolution, notice under paragraph (1) shall be given to the Bank of England.
(4) In a special administration (bank administration), notice under paragraph (1) shall be given to the FSA and to the Bank of England.