[81ZZBA Sale to commercial purchaser and transfer to bridge bank: supplemental powers in relation to certain holding companies]
Banking Act 2009 (2009 c 1) | Legislation

[81ZZBA  Sale to commercial purchaser and transfer to bridge bank: supplemental powers in relation to certain holding companies]

[(1)     Without prejudice to the operation of section 81B, the Bank of England may exercise a stabilisation power in respect of a banking group company in accordance with section 11(2) or 12(2) if the following conditions are met.

(2)     Condition 1 is that the banking group company is an undertaking incorporated in, or formed under the law of any part of, the United Kingdom.

(3)     Condition 2 is that the banking

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