PART 2 U.K.Amendments of the Banking Act 2009 and related provision

CHAPTER 1 U.K.Amendments of the Banking Act 2009

General conditions U.K.

7.  In section 7(5C) (general conditions) M1 —

(a) in paragraph (b), for the words from “determined”, in the first place it occurs, to the end substitute “ is less than the amount of its liabilities, ”;

(b) in paragraph (d), for “one or more of paragraphs (a) to (c)” substitute “ paragraph (b) or (c) (or both) ”.

Marginal Citations

M1 Subsection (5C) was substituted, with subsections (1) to (5H), by S.I. 2014/3329.