Regulation 8 Conditions under which saving may be disappliedI1

by the Bank of England (“the Bank”) on the ground that one or more of the conditions specified in regulation 9(2) are met; or

by the Bank or by a UK creditor of the relevant institution on the ground that one or more of the conditions specified in regulation 9(2)(b) and (c) are met.

the bank insolvency procedure (provided by Part 2 of the Banking Act 2009);

the bank administration procedure (provided by Part 3 of that Act);

making a stabilisation instrument;

building society insolvency under Part 2 of that Act (as applied by section 90C of the Building Societies Act 1986 M1);

building society special administration under Part 3 of that Act (as applied by section 90C of the Building Societies Act 1986);

the administration of a building society under Part 2 of the Insolvency Act 1986 (as applied by section 90A of the Building Societies Act 1986 M2);

special administration, special administration (bank insolvency) or special administration (bank administration) under the Investment Bank Special Administration Regulations 2011 M3;

an application for a court order sanctioning a section 899 compromise or arrangement.