1 Overview
Banking Act 2009 (2009 c 1) | Legislation

Part 1 Special Resolution Regime

[Chapter 1
Introduction]

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1 Ìý°¿±¹±ð°ù±¹¾±±ð·É

(1)     The purpose of the special resolution regime for banks is to address the situation where all or part of the business of a bank has encountered, or is likely to encounter, financial difficulties.

(2)     The special resolution regime consists of—

(a)     the [five] stabilisation options,

(b)     the bank insolvency procedure (provided by Part 2), and

(c)     the bank administration procedure (provided by Part 3).

[(3)     The [five] “stabilisation

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