# The Investment Bank Special Administration Regulations 2011, Paragraph 17: Interpretation


In this Schedule—
“bridge bank” is a company wholly owned by the Bank of England to which all or part of the business of a deposit-taking bank may be transferred in accordance with section 12 of the Act;
“residual bank” means the non-sold or non-transferred part of the deposit-taking bank which remains after a power in section 11 (sale to private sector purchaser) or section 12 (transfer to bridge bank) of the Act has been exercised in respect of that bank;
“Objective A” has the meaning set out in paragraph 3(1)(a);
“Objective A Achievement Notice” has the meaning set out in paragraph 3(3);
“private sector purchaser” means a commercial purchaser to whom part of the business of the deposit-taking bank is sold to in accordance with section 11 of the Act; and
“statement” means the statement of proposals drawn up in accordance with paragraph 7.

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Source: https://www.legislation.gov.uk/ukdsi/2011/9780111505588/schedule/2/paragraph/17 (the official version)
Page: https://openlegislation.uk/draft-investment-bank-special-administration-regulations-2011/schedule-2/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.