36 Offence relating to a decision causing a financial institution to fail
Financial Services (Banking Reform) Act 2013 (2013 c 33) | Legislation

Offence

36  Offence relating to a decision causing a financial institution to fail

(1)     A person (“S”) commits an offence if—

(a)     at a time when S is a senior manager in relation to a financial institution (“F”), S—

(i)     takes, or agrees to the taking of, a decision by or on behalf of F as to the way in which the business of a group institution is to be carried on, or

(ii)     fails to take

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