Paragraph 3 Application for the use of the Bank's facilities
(1)
A resolution plan must contain an analysis of the conditions under which the relevant institution may apply for the use of the Bank's facilities.
(2)
The analysis must—
(a)
take account of the different circumstances set out in the plan under which the institution may fail or be likely to fail; and
(b)
identify the assets of the institution which would be expected to qualify as collateral for the use of the Bank's facilities.
Notes on the whole SI
Textual amendments
- F1
Order revoked (14.12.2023 for the revocation of art. 227) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(x)