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The Bank Insolvency Rules (Northern Ireland) 2009
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Creditors' meeting to be notified of bank liquidator’s resignation
87.—(1) Apply rule 4.115 of the 1991 Rules.
(2) For paragraph (1), substitute—
“(1) Before resigning office, the bank liquidator shall obtain the consent of the Bank of England and shall call a meeting of creditors to notify them of this.
(1A) The notice summoning the meeting shall indicate that this is the purpose, or one of the purposes, of the meeting and shall draw the attention of the creditors to rule 95 with respect to the bank liquidator’s release.
(1B) The notice in (1A) shall enclose a copy of the Bank of England’s consent.”.
(3) For paragraph (2) substitute—
“(2) Copies of the notice and of the account mentioned in paragraph (3) shall be sent to the court, the Bank of England and the FSA.”.
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