(1) An application for an administration order in respect of a [recognised clearing house] [or a recognised CSD] may not be determined unless the conditions below are satisfied.
(2) A petition for a winding up order in respect of a [recognised clearing house] [or a recognised CSD] may not be determined unless the conditions below are satisfied.
(3) A resolution for voluntary winding up of a [recognised clearing house] [or a recognised CSD] may not be made unless the conditions below are satisfied.
(4) An administrator of a [recognised clearing house] [or a recognised CSD] may not be appointed unless the conditions below are satisfied.
(5) Condition 1 is that the Bank of England has 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 been presented,
(c) by the [recognised cle
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