108Removal by courtU.K.
(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 F5[F6...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.
Textual Amendments
F1Word in s. 108(1)(b) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 39(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2Word in s. 108(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 39(3)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3Words in s. 108(2) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 57(2) (with Sch. 3); S.I. 2017/43, reg. 2(g)
F4Words in s. 108(2) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 39(3)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F5Words in s. 108(3) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 57(3) (with Sch. 3); S.I. 2017/43, reg. 2(g)
F6Words in s. 108(3) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 39(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 108 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 2