Part 1Special Resolution Regime
Chapter 3 Special resolution action
Compensation
F152ABail-in option
(1)
Subsection (2) applies if the Bank of England makes—
(a)
a resolution instrument under section 12A(2), or
(b)
a property transfer instrument under section 41A(2).
(2)
The Treasury must make a bail-in compensation order (see section 49(2A)).
(3)
A bail-in compensation order may include provision for—
(a)
an independent valuer (in which case sections 54 to 56 are to apply);
(b)
valuation principles (in which case section 57(2) to (5) is to apply).