PART 9THE BANK LIQUIDATOR

SECTION BRESIGNATION AND REMOVAL

Release of resigning or removed bank liquidator95

1

Apply rule 4.128 of the 1991 Rules.

2

In paragraph (1)—

a

for “accepted by” substitute “notified to”;

b

for rule 4.116 substitute “rule 88 of the Bank Insolvency Rules 2009”.

3

In paragraph (3)—

a

in sub-paragraph (a) for “receive his resignation” substitute “be notified of his resignation”; and delete “or” at the end;

b

at the end of sub-paragraph (b) insert—

  • , or

    1. a

      the bank liquidator resigns, and the Bank of England has refused his release.

4

For paragraph (4) substitute—

4

When the Department gives the release it shall certify it accordingly, file the certificate in court and send a copy to the registrar of companies.