Section 62D(3)

Where a resolution administrator is appointed under this Part, the Bank of England— must make provision in the appointment instrument or a Part 1 instrument for the resignation and replacement of the resolution administrator; may remove the resolution administrator from office only (i) on the ground of incapacity or misconduct, or (ii) on the ground that there is no further need for a person to perform the functions conferred on the resolution administrator.

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Source: legislation.gov.uk · retrieved 2026-09-04