Part 2Bank Insolvency
Tenure of bank liquidator
110Disqualification
(1)
If a bank liquidator ceases to be qualified to act as an insolvency practitioner F1in relation to the bank, the appointment lapses.
(2)
A bank liquidator whose appointment lapses under subsection (1) 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.