# The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014, Regulation 7: Mandatory provisions: choice of insolvency process


A relevant compensation order must include either—
(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
(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.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123706/regulation/7 (the official version)
Page: https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.