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The Building Society Special Administration (England and Wales) Rules 2010

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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 scheme manager...

    6. 6.Overview

    7. 7.Forms

  3. PART 2 Application for Building Society Special Administration Order

    1. 8.Introduction

    2. 9.Content of application

    3. 10.If the building society has notified the Bank of England...

    4. 11.Statement of proposed building society special 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 must 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 Building Society Special Administration

    1. 27.Introduction

    2. 28.Building society special administrator’s proposals: Objective 1 Stage

    3. 29.Building society special administrator’s proposals: Objective 2 Stage

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

    5. 31.Where the statement of proposals is sent to creditors, in...

    6. 32.Where the court orders an extension of the period of...

    7. 33.Where the special administrator has made a statement under paragraph...

    8. 34.Where the special administrator intends to apply to the court...

    9. 35.(1) Where the special administrator wishes to publish a notice...

    10. 36.Reports to creditors

    11. 37.A progress report must be produced for—

    12. 38.(1) The special administrator must send a copy of each...

    13. 39.(1) A special administrator who fails to comply with Rules...

    14. 40.Removal of special administrator in Objective 1 Stage

    15. 41.Appointment of provisional special administrator

    16. 42.The application must be supported by a witness statement stating—...

    17. 43.If satisfied that sufficient grounds are shown for the appointment,...

    18. 44.An order appointing a provisional special administrator must specify the...

    19. 45.If the court makes an order appointing a provisional special...

    20. 46.(1) As soon as is reasonably practicable after appointment a...

    21. 47.The Bank of England may disclose the fact and terms...

    22. 48.Additional joint special administrator

    23. 49.Disapplication of set-off for protected deposits

    24. 50.End of special administration: successful rescue

    25. 51.End of special administration: dissolution

  5. PART 4 Court Procedure and Practice

    1. 52.Introduction

    2. 53.Title of proceedings

    3. 54.Right to inspect file

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

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

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

    7. 58.Rule 7.28(2) and (3) of the Insolvency Rules 1986 (as...

    8. 59.Proceedings under sections 213 and 214 of the Insolvency Act...

  6. PART 5 Application of Insolvency Rules 1986

    1. 60.General application

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

    3. 62.General modifications

    4. 63.Table of applications and specific modifications

  7. Signature

  8. Explanatory Note

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