PART 5Application of Insolvency Rules (Northern Ireland) 1991
General modifications60
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.