[62B Resolution administrator]
Banking Act 2009 (2009 c 1) | Legislation

[Resolution administrator]

[62B  Resolution administrator]

[(1)     The Bank of England may appoint an individual or body corporate as a resolution administrator.

(2)     The power under subsection (1) may be exercised—

(a)     by a separate instrument of appointment under this section, or

(b)     by way of provision in a mandatory reduction instrument, a share transfer instrument, a property transfer instrument or a resolution instrument.

(3)     In this section and sections 62C to 62E—

“appointment instrument” means an instrument under subsection (2)(a);

“Part 1 instrument” means an instrument of a kind mentioned in subsection (2)(b).

(4)     A resolution

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