PART 3 Process of Bank Administration

Appointment of provisional bank administrator

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

(a) why the Bank of England thinks that a provisional bank administrator should be appointed;

(b) that the person to be appointed has consented to act;

(c) that the person to be appointed is qualified to act as an insolvency practitioner; and

(d) the Bank of England’s estimate of the value of the assets in respect of which the provisional bank administrator is to be appointed.