Part 2Bank Insolvency

Tenure of bank liquidator

108Removal by court

(1)

A bank liquidator may be removed by order of the court on the application of—

(a)

the liquidation committee,

(b)

the F1PRA, or

(c)

the Bank of England.

(2)

Before making an application the F2PRA must consult F3... F4 the FCA.

(3)

Before making an application the Bank of England must consult F5F6...the FCA.

(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.