Replacing administrator
This section has no associated Explanatory Memorandum
32.—(1) Rule 2.122 (application to court to remove administrator from office) and Rule 2.125 (application to replace administrator) have effect as if the persons who are entitled to receive notice of the matter concerned included the FCA, the society’s regulator and, in the case of a relevant society which is a relevant person, the scheme manager.
(2) Sub-paragraph (1) does not apply in relation to—
(a)the FCA, if the FCA made the application for the administration order; or
(b)the society’s regulator, if the society’s regulator made the application.