This section has no associated Explanatory Notes
25(1)Section 224A (functions under the Banking Act 2009) is amended as follows.
(2)The existing provision becomes subsection (1) of that section.
(3)After that subsection insert—
“(2)Any payment required to be made by the scheme manager by virtue of section 61 of that Act (special resolution regime: compensation) is to be treated for the purposes of this Part as an expense under the compensation scheme.”