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The Bank Administration Rules (Northern Ireland) 2009

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  1. Introductory Text

  2. PART 1 Introduction

    1. 1.Citation

    2. 2.Commencement

    3. 3.Extent

    4. 4.Interpretation

    5. 5.In these Rules— (a) “the FSCS” means the Financial Services...

    6. 6.Overview

    7. 7.Forms

  3. PART 2 Application for Bank Administration Order

    1. 8.Introduction

    2. 9.Content of application

    3. 10.If the bank has notified the Bank of England of...

    4. 11.Statement of proposed bank administrator

    5. 12.Bank of England witness statement

    6. 13.Filing

    7. 14.Each filed copy— (a) shall have the seal of the...

    8. 15.Service

    9. 16.Service under rule 15 shall be service of a sealed...

    10. 17.Service must be effected as soon as is reasonably practicable,...

    11. 18.(1) Service must be effected— (a) by personal service to...

    12. 19.(1) Service of the application shall be verified by a...

    13. 20.Other notification

    14. 21.Venue

    15. 22.Hearing

    16. 23.The order

    17. 24.Notice of order

    18. 25.The Bank of England shall as soon as is reasonably...

    19. 26.Costs

  4. PART 3 Process of Bank Administration

    1. 27.Introduction

    2. 28.Bank administrator’s proposals: Objective 1 Stage

    3. 29.Bank administrator’s proposals: Objective 2 Stage

    4. 30.If the bank administrator thinks that the statement made under...

    5. 31.Where the court orders an extension of the period of...

    6. 32.Where the bank administrator has made a statement under paragraph...

    7. 33.Where the bank administrator intends to apply to the court...

    8. 34.(1) A bank administrator who wishes to publish a notice...

    9. 35.Reports to creditors

    10. 36.A progress report shall be produced for—

    11. 37.(1) The bank administrator must send a copy of each...

    12. 38.(1) A bank administrator who fails to comply with Rules...

    13. 39.Removal of bank administrator in Objective 1 Stage

    14. 40.Appointment of provisional bank administrator

    15. 41.The application must be supported by a witness statement stating—...

    16. 42.If satisfied that sufficient grounds are shown for the appointment,...

    17. 43.An order appointing a provisional bank administrator must specify the...

    18. 44.If the court makes an order appointing a provisional bank...

    19. 45.(1) As soon as is reasonably practicable after appointment a...

    20. 46.The Bank of England may disclose the fact and terms...

    21. 47.Additional joint bank administrator

    22. 48.End of administration: successful rescue

    23. 49.End of administration: dissolution

  5. PART 4 Court Procedure and Practice

    1. 50.Introduction

    2. 51.Title of proceedings

    3. 52.Right to inspect file

    4. 53.A right of inspection may be exercised on a person’s...

    5. 54.Any person may, with permission of the court, inspect the...

    6. 55.A right of inspection is not exercisable in the case...

    7. 56.Rule 7.25(2) and (3) of the 1991 Rules (as applied...

    8. 57.Proceedings under Articles 177 and 178 of the Order (fraudulent...

  6. PART 5 Application of Insolvency Rules (Northern Ireland) 1991

    1. 58.General application

    2. 59.For that purpose the rules apply with—

    3. 60.General modifications

    4. 61.Table of applications and specific modifications

  7. Signature

  8. Explanatory Note

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