[81ZBA Transfer to asset management vehicle]
Banking Act 2009 (2009 c 1) | Legislation

[81ZBA  Transfer to asset management vehicle]

[(1)     The Bank of England may exercise a stabilisation power in respect of a banking group company in accordance with section 12ZA(3) if the following conditions are met.

(2)     Condition 1 is that—

(a)     the PRA is satisfied that Condition 1 of the general conditions is met in respect of a bank in the same group and the Bank of England is satisfied that Conditions 2, 3 and 4 of the general conditions are met in respect of that bank, or

(b)     . . .

(c)     a relevant third-country authority of a third-country institution in the same group is satisfied that any conditions required by the law of the third country to be met before third-country resolution

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