(1)A body to which section 46(2) applies must notify the IFR as soon as reasonably practicable after the body considers that there is a reasonable prospect of an administrator of the body being appointed under paragraph 22 of Schedule B1 to the Insolvency Act 1986 (“the 1986 Act”) (including that paragraph as applied in relation to partnerships by an order under section 420 of that Act).
(2)An administrator of a body to which section 46(2) applies may not be appointed as mentioned in subsection (1) without the approval of the IFR.
(3)Approval under subsection (2)—
(a)must be in writing, and
(b)must accompany the notice of intention to appoint filed under paragraph 27 of Schedule B1 to the 1986 Act.
(4)But in a case where the notice of intention to appoint mentioned in subsection (3)(b) is not required—
(a)subsection (3)(b) does not apply, but
(b)approval under subsection (2) must accompany the notice of appointment filed under paragraph 29 of Schedule B1 to the 1986 Act.