{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-14",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-14.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/14",
  "kind": "article",
  "number": "14",
  "heading": "Specific conditions in section 8",
  "text": "For section 8 (specific conditions: private sector purchaser and bridge bank) substitute—\n“Specific Condition: private sector purchaser, bridge bank or asset management vehicle\n8. (1) In a financial assistance case, the Bank may exercise a stabilisation power in respect of the bank concerned in accordance with section 11(2), 12(2) or 12ZA(3) only with the approval of the Treasury.\n(2) “Financial assistance case” means a case where the Treasury notify the Bank of England that they have provided financial assistance in respect of a bank for the purpose of resolving or reducing a serious threat to the stability of the financial systems of the United Kingdom.\n(3) The condition in this section is in addition to the conditions in sections 7 and 8ZA.”",
  "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/14",
    "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."
}