Obligations of deposit-taker served with interim bank account order
20.—(1) A deposit-taker served with an interim bank account order shall contact the collection officer immediately upon receipt of the order to confirm its implementation or to advise that the order cannot be implemented.
(2) Where the credit balance in the account in respect of which an interim bank account order is made is already below the specified amount, the deposit-taker shall inform the collection officer of the amount of the balance.
(3) A notice advising the deposit-taker of its obligations under this regulation, as set out in Form 5 in Schedule 1, shall be served on the deposit-taker at the same time as the interim bank account order.
(4) The deposit-taker shall complete Annex A of Form 5 and return it to the collection officer within 5 working days of service of the order.