[12A Bail-in option]
Banking Act 2009 (2009 c 1) | Legislation

[12A  Bail-in option]

[(1)     The [fourth] stabilisation option is exercised by the use of the power in subsection (2).

[(2)     The Bank of England may make one or more resolution instruments.

(2A)     A resolution instrument may contain provision or proposals of any kind mentioned in subsections (3) to (6).

(2B)     The power in subsection (2) must be exercised in accordance with section 12AA.

(2C)     When the Bank of England exercise that power, at least one resolution instrument must include provision under section 48H(1) (business reorganisation plan).]

(3)     A resolution

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