145 General powers, duties and effect
Banking Act 2009 (2009 c 1) | Legislation

145  General powers, duties and effect

(1)     A bank administrator may do anything necessary or expedient for the pursuit of the Objectives in section 137.

(2)     The following provisions of this section provide for—

(a)     general powers and duties of bank administrators (by application of provisions about administrators), and

(b)     the general process and effects of bank administration (by application of provisions about administration).

(3)     The provisions set out in the Tables apply in relation to bank administration as in relation to administration, with—

(a)     the modifications set out in subsection (4),

(b)     any other modification specified in the Tables, and

(c)     any other necessary modification.

(4)     The modifications are that—

(a)     a reference to the administrator is a reference to the bank administrator,

(b)     a reference to administration is a reference to bank administration,

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

(d)     [except where otherwise specified in Table 2,] a reference to a company is a reference to the bank,

(e)     a reference to the purpose of administration is a reference to the Objectives in section 137, and

(f)     in relation to provisions of the Insolvency Act 1986

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