{
  "url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-7",
  "json_url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-7.json",
  "legislation": "ukdsi/2014/9780111123706",
  "legislation_title": "The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014",
  "path": "regulation/7",
  "kind": "regulation",
  "number": "7",
  "heading": "Mandatory provisions: choice of insolvency process",
  "text": "A relevant compensation order must include either—\n(a) a provision specifying that the independent valuer must assess the insolvency treatment as required under regulation 7(2) on the basis that the relevant banking institution entered a particular insolvency process specified in the order, or\n(b) a provision specifying that the independent valuer must determine what insolvency process it is likely that the banking institution would have entered, had the initial instrument not been made.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123706/regulation/7",
    "retrieved_at": "2026-10-30T15:11:35.919978+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."
}