95ApplicationU.K.
This section has no associated Explanatory Notes
(1)An application for a bank insolvency order may be made to the court by—
(a)the Bank of England,
(b)the [F1PRA], or
(c)the Secretary of State.
(2)An application must nominate a person to be appointed as the bank liquidator.
(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 125 below).
Textual Amendments
F1Word in s. 95(1)(b) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 32 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 95 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 2