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Clause 132

Part of Banking Bill – in a Public Bill Committee at 11:00 am on 18th November 2008.

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Amendments made: No. 164, in clause 132, page 65, line 34, after ‘insolvency’ insert ‘or liquidators).’.

No. 165, in clause 132, page 68, line 27, at end insert—

‘(b) Ignore sub-para. (3).’.

No. 166, in clause 132, page 71, line 3, at end insert—

‘Section 135

Provisional appointment

(a) Treat the reference to the presentation of a winding-up petition as a reference to the making of an application for a bank administration order. (b) Subsection (2) applies in relation to England and Wales and Scotland (and subsection (3) does not apply). (c) Ignore the reference to the official receiver. (d) Only a person who is qualified to act as an insolvency practitioner and who consents to act may be appointed. (e) The court may only confer on a provisional bank administrator functions in connection with the pursuance of Objective 1; and section 125(2)(a) does not apply before a bank administration order is made. (f) A provisional bank administrator may not pursue Objective 2. (g) The appointment of a provisional bank administrator lapses on the appointment of a bank administrator.’.