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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
  Version 2 of 2    

Regulation 49 Content and form of proposed temporary administration order.

A proposed temporary administration order shall -

(a) be in writing,

(b) set out the right of the institution concerned to make submissions in relation to the proposed application,

(c) specify the period in which the institution may make such submissions,

(d) where it is proposed that any power of the temporary administrator is to be exercisable immediately, specify the reasons why the temporary administration order should have that effect,

(e) state that the competent authority, having had regard to the matters referred to in Regulation 47(1), has formed an opinion based on reasonable grounds that the appointment of a temporary administrator is necessary,

(f) specify the terms of appointment of the proposed temporary administrator referred to in Regulation 54(5),

(g) specify the role, powers and functions of the proposed temporary administrator mentioned in Regulation 54(6),

(h) specify the limits on the role, powers and functions of the proposed temporary administrator referred to Re

Comparing proposed amendment...