# The Investment Bank Special Administration Regulations 2011, Paragraph 1: General provisions


This Schedule provides for a procedure known as special administration (bank administration) to be used as an alternative to bank administration (as set out in Part 3 of the Act) where part of the business of the deposit-taking bank is sold to a commercial purchaser in accordance with section 11 of the Act, or transferred to a bridge bank in accordance with section 12 (and it can also be used in certain cases of multiple transfers under Part 1 of the Act).

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Source: https://www.legislation.gov.uk/ukdsi/2011/9780111505588/schedule/2/paragraph/1 (the official version)
Page: https://openlegislation.uk/draft-investment-bank-special-administration-regulations-2011/schedule-2/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.