{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-104",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-104.json",
  "legislation": "ukdsi/2014/9780111123782",
  "legislation_title": "The Bank Recovery and Resolution Order 2014",
  "legislation_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014",
  "path": "article/104",
  "kind": "article",
  "number": "104",
  "heading": "Grounds for applying",
  "text": "(1) Section 96 (grounds for applying) is amended as follows.\n(2) In subsection (2)—\n(i) in paragraph (a) for “Conditions 1 and 2 in section 7 are met” substitute “Condition 1 in section 7 is met”,\n(ii) in paragraph (b), before subparagraph (i) insert—\n“(ai) that Condition 2 in section 7 is met,”;\n(3) In subsection (3)—\n(a) for paragraph (a), substitute—\n“(a) the Bank of England has—\n(i) informed the PRA that it is satisfied that Condition 2 in section 7 is met, and\n(ii) has consented to the application,”, and\n(b) in paragraph (b)(i) for “Conditions 1 and 2 in section 7 are met” substitute “Condition 1 in section 7 is met”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123782/article/104",
    "retrieved_at": "2026-10-30T15:11:34.801084+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}