# Financial Services (Banking Reform) Act 2013, Paragraph 12


(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 ”.

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Source: https://www.legislation.gov.uk/ukpga/2013/33/schedule/2/paragraph/12 (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013/schedule-2/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

