[71F Temporary manager: instrument of appointment]
[71F Temporary manager: instrument of appointment]

[(1)     The power in section 71C(1) is to be exercised by an instrument of appointment.

(2)     The instrument of appointment must—

(a)     specify the functions of the temporary manager,

(b)     specify the date on which the appointment of the temporary manager has effect,

(c)     specify the period for which the temporary manager is appointed, and

(d)     make provision for the resignation and replacement of the person who is appointed as the temporary manager.

(3)     The instrument of appointment may—

(a)     require the temporary manager to consult the appropriate regulator or other specified person before exercising specified functions,