(1) The following paragraphs of Schedule B1 to the Insolvency Act 1986 (administration) apply to a bank insolvency order as to an administration order.

(2) Those paragraphs are -

(a) paragraph 40 (dismissal of pending winding-up petition), and

(b) paragraph 42 (moratorium on insolvency proceedings).

(3) For that purpose -

(a) a reference to an administration order is a reference to a bank insolvency order,

(b) a reference to a company being in administration is a reference to a bank being in bank insolvency, and

(c) a reference to an administrator is a reference to a bank liquidator.