Banking Act 2009

137Objectives

This section has no associated Explanatory Notes

(1)A bank administrator has two objectives—

(a)Objective 1: support for commercial purchaser or bridge bank (see section 138), and

(b)Objective 2: “normal” administration (see section 140).

(2)Objective 1 takes priority over Objective 2 (but a bank administrator is obliged to begin working towards both objectives immediately upon appointment).