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The Payment and Electronic Money Institution Insolvency (England and Wales) Rules 2021
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177.—(1) Where an application is made to court under paragraph 91(1) to appoint a replacement administrator, the application must be accompanied by a written statement by the person proposed to be the replacement administrator.
(2) The written statement must be in accordance with rule 7.
(3) A copy of the application must be served on—
(a)the person who made the application for a special administration order,
(b)the institution (if neither the institution nor its directors are the applicant),
(c)on the person nominated for appointment as administrator, and
(d)the FCA (if not the applicant).
(4) Rule 10 shall apply to the service of an application under paragraph 91(1) as it applies to service of the application for a special administration order.
(5) Rules 11 and 13 apply to an application under this rule and rule 16(1) and (2) shall apply to the notice of appointment under paragraph 91(1) as it applies to notice of a special administration order.
Commencement Information
I1Rule 177 in force at 12.11.2021, see rule 2
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