12(1)Section 1 (overview) is amended as follows.U.K.
(2)In subsection (2)(a), for “three” substitute “ four ”.
(3)For subsection (3) substitute—
“(3)The four “stabilisation options” are—
(a)transfer to a private sector purchaser (section 11),
(b)transfer to a bridge bank (section 12),
(c)the bail-in option (section 12A), and
(d)transfer to temporary public ownership (section 13).”
(4)In subsection (4)—
(a)for “three” substitute “ four ”;
(b)before paragraph (a) insert—
“(za)the resolution instrument powers (sections 12A(2) and 48U to 48W),”;
(c)in paragraph (b), after “33” insert “ , 41A ”.
Commencement Information
I1Sch. 2 para. 12 in force at 31.12.2014 by S.I. 2014/3160, art. 2(1)(b)