[48Y Consequences of a replacement valuation]
Banking Act 2009 (2009 c 1) | Legislation

[48Y  Consequences of a replacement valuation]

[(1)     Where the independent valuation carried out under section 48X(1) produces a higher valuation of the net asset value of the bank than a provisional valuation carried out under section 6E(3), the Bank of England may—

(a)     modify any liability of the bank

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