Replacement building society liquidator
107.—(1) Where the building society liquidator vacates office for any reason (including death) other than by removal by a meeting of creditors in accordance with rule 91, the Bank of England shall appoint a new building society liquidator as soon as practicable.
(2) Where a building society liquidator has been removed by a meeting of creditors and no resolution has been passed by that meeting to appoint a new building society liquidator, the Bank of England shall appoint a new building society liquidator as soon as practicable.
(3) The Bank of England shall file in court the document appointing the new building society liquidator (“the certificate of appointment”) together with statements to the effect that the new building society liquidator—
(a)is qualified to act as an insolvency practitioner in accordance with Article 349 of the 1989 Order; and
(b)consents to act as the building society liquidator.
(4) The building society liquidator shall send a copy of the certificate of appointment to the appropriate regulator.