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39.—(1) An application for a special administration (bank administration) order in respect of an investment bank must be accompanied by a witness statement made on behalf of the Bank of England—
(a)certifying that the conditions for applying for a special administration (bank administration) order, set out in section 143 of the 2009 Act (as applied by paragraph 6 of Schedule 2 to the Regulations), are met in respect of the investment bank;
(b)stating the investment bank’s current financial position to the best of the Bank of England’s knowledge and belief (including actual, contingent and prospective assets and liabilities);
(c)specifying any security which the Bank of England knows or believes to be held by a creditor of the investment bank;
(d)specifying the amount of client assets held by the investment bank to the best of the applicant’s knowledge and belief;
(e)specifying any insolvency proceedings which have been instituted in respect of the investment bank (including any process notified to the FSA under section 120 of the 2009 Act);
(f)giving details of the property transfer instrument which the Bank of England has made or intends to make in respect of the investment bank;
(g)where the property transfer instrument has not yet been made, explaining what effect it is likely to have on the investment bank’s financial position;
(h)specifying how functions are to be allocated where more than one person is to be appointed as administrator (stating, in particular, whether functions are to be exercisable jointly or concurrently); and
(i)including any other material which the Bank of England thinks may help the court to decide whether to make the special administration (bank administration) order.
(2) The statement must identify the person making the statement and must include the capacity in which that person makes the statement and the basis for that person’s knowledge of the matters set out in the statement.
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