# Finance Act 2014, Section 26: Release of debts: stabilisation powers under Banking Act 2009


(1) Section 322 of CTA 2009 (release of debts: cases where credits not required to be brought into account) is amended as follows.
(2) In subsection (2), for “condition A, B or C” substitute “ any of conditions A to D ”.
(3) After subsection (5) insert—
“(5A) Condition D is that the liability is released in consequence of the exercise of a stabilisation power under Part 1 of the Banking Act 2009.”
(4) The amendments made by this section have effect in relation to releases of liabilities on or after 26 November 2013.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/26 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.