Section 12A,Bail-in option,Treat references in subsection (4) to securities issued by a specified bank as references to securities issued by the building society, or by the successor company or its specified parent undertaking.  For subsection (8) substitute—    8   Subsection (8ZA) applies where—   a   the Bank of England has exercised the power in subsection (4) to transfer securities to a resolution administrator; or     b   by virtue of section 84A, 84B or 84C securities of a successor company or a specified parent undertaking are held by—   i   the resolution administrator,     ii   the Bank of England,     iii   a subscriber to the memorandum of association of a company into which the building society is converted in accordance with section 84B, or     iv   a person nominated for the purposes of section 84C(1)(c).         8ZA   The Bank of England must exercise its functions under this Part (see, in particular, section 48V) with a view to ensuring that any securities—   a   held by a person in the capacity of a resolution administrator,     b   held by the Bank of England,     c   held by a person as a result of being a subscriber to the memorandum of association of a company into which the building society is converted in accordance with section 84B,     d   held by a person as a result of being nominated by the Bank of England for the purposes of section 84C(1)(c),      are so held only for so long as is, in the Bank of England’s opinion, appropriate having regard to the special resolution objectives.   .  ,
Section 12AA,Bail-in: sequence of write-down and conversion of capital instruments and liabilities,In relation to the result to be achieved, treat any reference to an instrument or liability of the bank as a reference to an instrument or liability of the building society immediately before the making of the first resolution instrument under section 84A in respect of it.,
Section 17,Effect of transfer,,
Section 18,Continuity,,
Section 41A , and any other provision so far as relating to property transfer instruments under section 41A(2),Transfer of property subsequent to resolution instrument,,
Section 48B,Special bail-in provision,The provision that may be made in accordance with section 48B(1)(b) (see also rule 3(a) and (b) of section 48B(5)) includes provision replacing a liability (of any form) of the building society or its successor company with a liability of the successor company’s specified parent undertaking.,
Section 48C,Meaning of “protected deposit”,,
Section 48D,General interpretation of section 48B,,
Section 48E,Report on special bail-in provision,,
Section 48F,Power to amend definition of “excluded liabilities”,,
Section 48G,Priority between creditors,Treat the reference in subsection (1) to the treatment of liabilities on an insolvency as a reference to the treatment of liabilities on the insolvency of a building society.,
Section 48H,Business reorganisation plans,Treat the reference in subsection (2)(a) to the bank as a reference to the building society.,
Section 48L,Powers in relation to securities,Treat references to securities issued by the bank as references to securities issued by the building society or by the successor company or its specified parent undertaking.,
Section 48N,Directors and senior managers,Treat references to a director or senior manager of a specified bank as references to a director or senior manager of the building society or of the successor company or its specified parent undertaking.,
Section 48O,Directions in or under resolution instrument,Treat references to a director of the bank as references to a director of the building society or of the successor company or its specified parent undertaking.,
Section 48P,Orders for safeguarding certain financial arrangements,,
Section 48Q,Continuity,,
Section 48R,Execution and registration of instruments etc.,,
Section 48S,Resolution instruments: general matters,,
Section 48T,Resolution instruments: procedure,On the first occasion on which the power to make a resolution instrument is exercised in relation to a building society, treat the first reference in subsection (1) to a bank as a reference to the building society.,
Section 48U,Supplemental resolution instruments,Treat the reference in subsection (1) to a bank as a reference to the building society.,
Section 48V,Onward transfer,Treat references to securities issued by the bank as references to securities issued by the building society or by the successor company or its specified parent undertaking.,
Section 48W,Reverse transfer,Treat references to securities issued by the bank as references to securities issued by the building society or by the successor company or its specified parent undertaking.,
Section 48X,Replacement of Bank’s provisional valuation,Treat the first reference in subsection (2)(a) to the bank as a reference to the building society.,
Section 48Y,Consequences of a replacement valuation,Treat the first reference in subsection (1) to the bank as a reference to the building society.,
Section 48Z,Termination rights etc.,This section applies to contracts and other agreements entered into by the building society or by the successor company or its specified parent undertaking.,
Section 49,Compensation orders,Treat references to transferors as including references to the shareholding members of the building society.,
Section 52A,Compensation orders: bail-in option,,
Section 53,Onward and reverse transfers etc.,,
Section 54,Independent valuer: compensation scheme order or bail-in compensation order,,
Section 55,Independent valuer: supplemental,,
Section 56,Independent valuer: money,,
Section 57,Valuation principles,Treat the reference in subsection (4) to a bank as a reference to the building society.  Treat the reference in subsection (5) to a transferor as including a reference to a shareholding member of the building society. ,
Section 58,Resolution fund,,
Section 59,Third party compensation: discretionary provision,Treat the reference in subsection (1) to a transferor as including a reference to a shareholding member of the building society.,
Section 60A,Further mandatory provision: bail-in provision,,
Section 60B,Principle of no less favourable treatment,Treat references to pre-resolution shareholders and creditors of a bank as references to persons who were shareholding members of, or creditors of, the building society, immediately before the coming into effect of the first resolution instrument to be made in respect of the building society.  Treat references to the bank as references to the building society. ,
Section 61,Sources of compensation,,
Section 62,Procedure,,
Section 62A,Independent valuer: sections 6E and 48X,,
Sections 62B to 62E,Resolution administrator,,
Sections 63, 64 and 66 to 70 where they apply in relation to a resolution instrument or in relation to a property transfer instrument under section 41A(2),Continuity obligations,Treat references in sections 66(1A) and 68(1)(a) to securities issued by the bank as references to securities issued by the building society or by the successor company or its specified parent undertaking.,
Section 70A,Suspension of obligations,,
Section 70B,Restriction of security interests,,
Section 70C,Suspension of termination rights,,
Section 70D,Suspension: general provisions,,
Section 71,Pensions,This section applies in relation to a pension scheme of the building society or of the successor company.,
Section 73,Disputes,,
Section 74,Tax,This section enables regulations to make provision in relation to the building society, the successor company or its specified parent undertaking.,
Section 75,Power to change law,Treat the reference in subsection (5)(b) to building societies as including a reference to successor companies and their specified parent undertakings.,
Section 78A,Pre-conditions for financial assistance: duty of Bank to give information,,
Section 80A,Transfer for bail-in purposes: report,Treat the reference in subsection (1) to a bank as a reference to the building society.,
Section 81A,Accounting information to be included in reports under sections 80, 80A(2)(b) and 81,,
Sections 83ZA to 83Z2,Information, investigation and enforcement,,
Section 89K,Insolvency proceedings,Treat the references in paragraphs (a) and (b) of subsection (1) to a relevant firm as references to the building society.,
Section 89L,Restrictions on disclosure of confidential information,,
Section 89M,Giving of notices, documents etc. under Part 1,,