58 Resolution fund
Banking Act 2009 (2009 c 1) | Legislation

58  Resolution fund

(1)     A resolution fund order must include provision for determining—

(a)     who will be entitled to a share of the proceeds on disposal of things transferred,

(b)     the way in which the proceeds will be calculated, and

(c)     the way in which shares will be calculated.

(2)     Provision under subsection (1)(b) may, in particular, provide for proceeds to be calculated net of—

(a)     amounts required for the repayment of loans from public funds or for other payments in respect of public financial

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