Section 76 International obligation notice: generalI1

The Bank of England may not exercise F1the power to make a resolution administrator appointment instrument or a mandatory reduction instrument or a stabilisation power in respect of a bank if the Treasury notify the Bank that the exercise would be likely to contravene an international obligation of the United Kingdom.

A notice under subsection (1)—

If the Treasury give a notice under subsection (1) the Bank of England must consider other exercises of F2the power to make a resolution administrator appointment instrument or a mandatory reduction instrument or the stabilisation powers with a view to—

The Treasury may by notice to the Bank of England disapply subsection (3) in respect of a bank; and a notice may be revoked by further notice.

“Resolution administrator appointment instrument” means an instrument under section 62B(2)(a).