The Bank Administration Rules (Northern Ireland) 2009

General modifications N.I.

60.  The general modifications are that—

(a) a reference to an administrator or liquidator is to be treated as a reference to the bank administrator;

(b) a reference to administration or liquidation is to be treated as a reference to bank administration;

(c) a reference to a provisional liquidator is to be treated as a reference to a provisional bank administrator;

(d) a reference to a winding-up order is to be treated as a reference to a bank administration order;

(e) a reference to a petition for a winding-up order is to be treated as a reference to an application for a bank administration order;

(f) a reference to insolvency proceedings is to be treated as a reference to bank administration (or proceedings for bank administration);

(g) a reference to the responsible insolvency practitioner is to be treated as a reference to the bank administrator or provisional bank administrator;

(h) all references to the Official Receiver are to be ignored;

(i) all references to the EC regulation or to the appointment of a member State liquidator are to be ignored;

(j) a reference to the company is to be treated as a reference to the bank;

(k) a reference in the rules to a paragraph of Schedule B1 to the Insolvency (Northern Ireland) Order 1989 is to be treated as a reference to that paragraph as applied and modified by section 145 of the Banking Act 2009; and

(l) a reference to the Insolvency (Northern Ireland) Order 1989 includes a reference to Part 3 of the Banking Act 2009.

Commencement Information

I1 Rule 60 in operation at 25.2.2009, see rule 2