(1) As soon as may be after completion, in relation to a proposed capital instruments order, of the procedures required by Regulation 99, the resolution authority shall apply ex parte to the Court for a capital instruments order in the terms of the relevant proposed capital instruments order.
(2) A report prepared by the competent authority, the resolution authority or a valuer appointed under Regulation 65 or 66 (whether or not prepared specifically for the purpose of the application) is admissible in evidence at the hearing of the application referred to in paragraph (1).
(3) The Court, when hearing an ex parte application under paragraph (1), shall, where satisfied that the requirements of Regulation 99 have been complied with and that the determination of the competent authority or the joint determination, as the case may be, under Regulation 95(8) was reasonable and was not vitiated by any error of law, make a capital instruments order in the terms of the proposed capital instrume
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