PART 10THE LIQUIDATION COMMITTEE

Membership of committee115

1

Apply rule 4.152 of the 1986 Rules.

2

For paragraph (1) substitute—

1

Subject to rule 4.154 as applied by rule 117 of the Bank Insolvency Rules 2009, the liquidation committee shall consist of either 3 or 5 creditors of the company, elected by the meeting of creditors held under rule 41 of those Rules.

3

Ignore paragraphs (2), (4) and (7)47 and ignore any reference to contributory members in paragraph (6).