(1) In this section "the Disqualification Act" means the Company Directors Disqualification Act 1986.

(2) In the Disqualification Act -

(a) a reference to liquidation includes a reference to bank administration,

(b) a reference to winding up includes a reference to making or being subject to a bank administration order,

(c) a reference to becoming insolvent includes a reference to becoming subject to a bank administration order, and

(d) a reference to a liquidator includes a reference to a bank administrator.

(3) For the purposes of the application of section 7A of the Disqualification Act [In section 155 "the Disqualification Act" means the Company Directors Disqualification Act 1986.] (office-holder's report on conduct of directors) to a bank which is subject to a bank administration order -

(a) the "office-holder" is the bank administrator;

(b) the "insolvency date" means the date on which the bank administration order is made; and

(c) subsections (9) to (11) are omitted.

(4) After section 21A of the Disqualification Act (bank insolvency - inserted by section 121 above) insert -

"21B Bank administration