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.