PART 3Process of Bank Administration
Bank administrator’s proposals: Objective 2 Stage26
1
Any bank administrator who wishes to publish a notice under paragraph 49(6) of Schedule B1 to the 1986 Act must publish the notice once in a newspaper which the bank administrator thinks most appropriate for ensuring that the notice comes to the attention of the bank’s members.
2
The notice must—
a
state the full name of the bank;
b
state the full name and address of each bank administrator of the bank;
c
give details of the appointment of the bank administrator; and
d
specify an address to which members can write for a copy of the statement of proposals.
3
The notice must be published as soon as is reasonably practicable after the bank administrator sends the statement of proposals to the bank’s creditors but no later than 8 weeks (or such other period as may be agreed by the creditors or as the court may order) from the date that the bank entered bank administration.