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47.—(1) The process for the appointment of an additional joint bank administrator is the same as for the initial appointment of a bank administrator.
(2) The existing bank administrator (or each of them) is entitled to a copy of the application and may—
(a)file written representations, and
(b)be heard at the hearing.
(3) An application for the appointment of an additional joint bank administrator may be made during the Objective 1 Stage only by the Bank of England.
(4) Rule 58 below applies Rules 2.127 and 2.128 of the Insolvency Rules 1986 (notification and advertisement of the appointment of an additional joint administrator).
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