C1C2C3C4C5Part 2Bank Insolvency
Pt. 2 modified (29.3.2009) by Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), Sch. 1 para. 1
Pt. 2 modified (29.3.2009) by Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), Sch. 1 para. 6
Pt. 2 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2
Pt. 2: amendment to earlier affecting provision SI 2009/805, Sch. 1 (7.4.2010) by Building Societies (Insolvency and Special Administration) (Amendment) Order 2010 (S.I. 2010/1189), arts. 1(2), 2
Tenure of bank liquidator
I1108Removal by court
1
A bank liquidator may be removed by order of the court on the application of—
a
the liquidation committee,
b
the FSA, or
c
the Bank of England.
2
Before making an application the FSA must consult the Bank of England.
3
Before making an application the Bank of England must consult the FSA.
4
A bank liquidator removed by order has release with effect from a time determined by—
a
the Secretary of State, or
b
in the case of a bank liquidator in Scotland, the Accountant of Court.
Pt. 2 applied (with modifications) by 1986 c. 53, s. 90C (as inserted (29.3.2009) by Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), art. 2)