Bank administrator’s proposals: Objective 2 Stage
- Bank administrator must issue detailed proposal statement during Objective 2 Stage
Northern Ireland Statutory Rule
2009
United Kingdom
The Bank Administration Rules (Northern Ireland) 2009
At a glance
What's here
7 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Where the court orders an extension of the period of...
- Notify persons after court extension of bank administration period
Where the bank administrator intends to apply to the court...
- Send report to creditors before early end of bank administration
(1) A bank administrator who wishes to publish a notice...
- Publish a newspaper notice about the bank administration
(1) The bank administrator must send a copy of each...
- Send progress reports to creditors, regulators and court within 28 days
End of administration: successful rescue
- File notice and final progress report to end bank administration after successful rescue
End of administration: dissolution
- File final notice and progress report to dissolve bank administration
Browse 55 other sections — procedural / definitional / commencement
art.c
Citation
Commencement
Extent
Interpretation
In these Rules— (a) “the FSCS” means the Financial Services...
Overview
Forms
Introduction
Content of application
If the bank has notified the Bank of England of...
Statement of proposed bank administrator
Bank of England witness statement
Filing
Each filed copy— (a) shall have the seal of the...
Service
Service under rule 15 shall be service of a sealed...
Service must be effected as soon as is reasonably practicable,...
(1) Service must be effected— (a) by personal service to...
(1) Service of the application shall be verified by a...
Other notification
Venue
Hearing
The order
Notice of order
The Bank of England shall as soon as is reasonably...
Costs
Introduction
Bank administrator’s proposals: Objective 1 Stage
If the bank administrator thinks that the statement made under...
Where the bank administrator has made a statement under paragraph...
Reports to creditors
A progress report shall be produced for—
(1) A bank administrator who fails to comply with Rules...
Removal of bank administrator in Objective 1 Stage
Appointment of provisional bank administrator
The application must be supported by a witness statement stating—...
If satisfied that sufficient grounds are shown for the appointment,...
An order appointing a provisional bank administrator must specify the...
If the court makes an order appointing a provisional bank...
(1) As soon as is reasonably practicable after appointment a...
The Bank of England may disclose the fact and terms...
Additional joint bank administrator
Introduction
Title of proceedings
Right to inspect file
A right of inspection may be exercised on a person’s...
Any person may, with permission of the court, inspect the...
A right of inspection is not exercisable in the case...
Rule 7.25(2) and (3) of the 1991 Rules (as applied...
Proceedings under Articles 177 and 178 of the Order (fraudulent...
General application
For that purpose the rules apply with—
General modifications
Table of applications and specific modifications
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