C1C2Part 1Special Resolution Regime
Annotations:
Modifications etc. (not altering text)
C2
Pt. 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
F3Chapter 3 Special resolution action
Annotations:
Amendments (Textual)
F3
Pt. 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
Treasury
I179Public funds: F2resolution company
1
This section applies where the Bank of England has transferred all or part of a bank's business to a F1resolution company.
2
The Bank of England may not take action in respect of the F1resolution 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.
Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2