Banking Act 2009
2009 CHAPTER 1
Commentary on Sections
Part 1: Special Resolution Regime.
Compensation
Section 51: Transfer to temporary public ownership
139.This section requires, on the exercise by the Treasury of the temporary public ownership stabilisation option, the Treasury to make either make a resolution fund order (which may include a compensation scheme order) or a compensation scheme order. In either case, the order may include a third party compensation order.
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