[12ZA Asset management vehicle]
Banking Act 2009 (2009 c 1) | Legislation

[12ZA  Asset management vehicle]

[(1)     The third stabilisation option is to transfer all or part of the business of—

(a)     the bank, or

(b)     a bridge bank to which shares or property, rights or liabilities of the bank have been transferred under section 12,

to an asset management vehicle.

(2)     An “asset management vehicle” is an undertaking which—

(a)     is wholly

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