110DisqualificationU.K.
(1)If a bank liquidator ceases to be qualified to act as an insolvency practitioner [F1in relation to the bank], the appointment lapses.
(2)A bank liquidator whose appointment lapses under subsection (1) has release with effect from a time determined by—
(a)the Secretary of State, or
(b)in the case of a bank liquidator in Scotland, the Accountant of Court.
Textual Amendments
F1Words in s. 110(1) inserted (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 5(5)
Commencement Information
I1S. 110 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 2