4 Special resolution objectives
Banking Act 2009 (2009 c 1) | Legislation

[Chapter 3
Special resolution action]

Objectives and code

4  Special resolution objectives

(1)     This section sets out the special resolution objectives.

(2)     The relevant authorities shall have regard to the special resolution objectives in using, or considering the use of—

(a)     the stabilisation powers,

(b)     the bank insolvency procedure, or

(c)     the bank administration procedure.

(3)     For the purpose of this section the relevant authorities are—

(a)     the Treasury,

[(b)     the PRA,

(ba)     the

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