# Bank of England and Financial Services Act 2016, Paragraph 12


There may be continued by or in relation to the Bank, in its capacity as the Prudential Regulation Authority, anything (including legal proceedings) that—
(a) relates to a transferred function or transferred property, and
(b) is in the process of being done by or in relation to the company immediately before the function or property is transferred.

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Source: https://www.legislation.gov.uk/ukpga/2016/14/schedule/3/paragraph/12 (the official version)
Page: https://openlegislation.uk/bank-of-england-and-financial-services-act-2016/schedule-3/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.