Section 137L(5)

For the purposes of section 137K the cases in which the business (or any part of the business) of the authorised person (“A”) is to be regarded as having failed include those where— A enters insolvency, any of the stabilisation options in Part 1 of the Banking Act 2009 is achieved in relation to A, or A falls to be taken for the purposes of the compensation scheme to be unable, or likely to be unable, to satisfy claims against A.

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