120 Notice to [PRA] of preliminary steps
Banking Act 2009 (2009 c 1) | Legislation

120  Notice to [PRA] of preliminary steps

(1)     An application for an administration order in respect of a bank may not be determined unless the conditions below are satisfied.

(2)     A petition for a winding up order in respect of a bank may not be determined unless the conditions below are satisfied.

(3)     A resolution for voluntary winding up of a bank may not be made unless the conditions below are satisfied.

(4)     An administrator of a bank may not be appointed unless the conditions below are satisfied.

(5)     Condition 1 is that [the PRA and the Bank of England have] been notified—

(a)     by the applicant for an administration order, that the application has been made,

(b)     by the petitioner for a winding up order, that the petition has

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