Part 3Bank Administration
Process
142Application
(1)
An application for a bank administration order may be made to the court by the Bank of England.
(2)
An application must nominate a person to be appointed as the bank administrator.
(3)
The bank must be given notice of an application, in accordance with rules under section 411 of the Insolvency Act 1986 (as applied by section 160 below).