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AI Summary of 108. Removal by court

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 March 2017 - onwards
Version 5 of 5

108. Removal by court

(1) A bank liquidator may be removed by order of the court on the application of -

(a) the liquidation committee,

(b) the PRA, or

(c) the Bank of England.

(2) Before making an application the PRA must consult the FCA.

(3) Before making an application the Bank of England must consult the FCA.

(4) A bank liquidator removed by order 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.

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