Paragraph 12 I1

(1)

Section 1 (overview) is amended as follows.

(2)

In subsection (2)(a), for “three” substitute “ four ”.

(3)

For subsection (3) substitute—

“(3)
The four “stabilisation options” are—
(a)
transfer to a private sector purchaser (section 11),
(b)
transfer to a bridge bank (section 12),
(c)
the bail-in option (section 12A), and
(d)
transfer to temporary public ownership (section 13).”

(4)

In subsection (4)—

(a)

for “three” substitute “ four ”;

(b)

before paragraph (a) insert—

“(za)
the resolution instrument powers (sections 12A(2) and 48U to 48W),”;

(c)

in paragraph (b), after “33” insert “ , 41A ”.

Annotations

Commencement

I1: Sch. 2 para. 12 in force at 31.12.2014 by S.I. 2014/3160, art. 2(1)(b)