The Bank Administration (England and Wales) Rules 2009 were made on 23 February and came into force on 25 February. A copy is available on the OPSI website: see here (HTML) or here (PDF). An explanatory memorandum has also been published. The Rules set out the procedure for the bank administration procedure introduced by Part 3 of the Banking Act 2009. They are based on the rules for administration in Part 2 of the Insolvency Rules 1986.Monday, 2 March 2009
UK: the Bank Administration (England and Wales) Rules 2009
The Bank Administration (England and Wales) Rules 2009 were made on 23 February and came into force on 25 February. A copy is available on the OPSI website: see here (HTML) or here (PDF). An explanatory memorandum has also been published. The Rules set out the procedure for the bank administration procedure introduced by Part 3 of the Banking Act 2009. They are based on the rules for administration in Part 2 of the Insolvency Rules 1986.
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