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SCHEDULE 2E+W+S+N.I.Bail-in stabilisation option

PART 1 E+W+S+N.I.Amendments of Banking Act 2009

Other amendments of the ActE+W+S+N.I.

30In section 220 (insolvency etc), after subsection (4) insert—

(4A)The fact that ownership of an authorised bank is transferred or otherwise changed as a result of a resolution instrument (or an instrument treated as a resolution instrument) does not itself prevent the bank from relying on section 213.


Commencement Information

I1Sch. 2 para. 30 in force at 31.12.2014 by S.I. 2014/3160, art. 2(1)(b)