Modifications etc. (not altering text)
C1Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2
C2Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2
Textual Amendments
F1Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7
(1)This section applies where the Bank of England has transferred all or part of a bank's business to a [F3resolution company].
(2)The Bank of England may not take action in respect of the [F3resolution company] without the Treasury's consent if the action would be likely to have implications for public funds.
(3)Section 78(2) and (3) have effect for the purposes of this section.
Textual Amendments
F2Words in s. 79 heading substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 86(2)
F3Words in s. 79 substituted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 86(1)
Commencement Information
I1S. 79 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1