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PART 2Financial services

Conduct of persons working in financial services sector

26Decisions causing a financial institution to fail: meaning of insolvency

(1)Section 37 of the Financial Services (Banking Reform) Act 2013 (interpretation of section 36) is amended as follows.

(2)In subsection (10)—

(a)after paragraph (c) insert—

(ca)building society insolvency,

(cb)investment bank insolvency,;

(b)after paragraph (e) insert—

(ea)building society special administration,.

(3)After subsection (10) insert—

(11)For the purposes of subsection (10)—