Schedule 17A, Part 3, paragraph 34(7)

Condition 3 is that— the period of 2 weeks, beginning with the day on which the notice is received, has ended, or the Bank of England has informed the person who gave the notice that— it has no objection to the order, resolution or appointment being made, and it does not intend to exercise a stabilisation power under Schedule 11 to the Financial Services and Markets Act 2023.

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Source: legislation.gov.uk · retrieved 2026-09-04