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The Investment Bank Special Administration (England and Wales) Rules 2011
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Termination of appointment
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36.—(1) The appointment of the person appointed under rule 30 may be terminated—
(a)by the court on that person’s application; or
(b)on the application of any of the persons specified in rule 30(1).
(2) The appointment of the person so appointed will be automatically terminated on the making of the special administration (bank insolvency) order.
(3) On the termination of the appointment, the court may give such directions as it thinks fit with respect to the account of that person’s administration or any other matters which it thinks appropriate.
(4) Unless the court directs otherwise, where the appointment is terminated, the person who was appointed under rule 30 shall give notice of the termination. Such notice—
(a)shall be gazetted; and
(b)may be advertised in such other manner as that person thinks fit.
(5) The person who was appointed under rule 30 shall send notice of the termination of their appointment to the registrar of companies.
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