Section 71C(1)

If the appropriate regulator is satisfied— the appropriate regulator may appoint a person to act (or one or more persons to act jointly) as a temporary manager of that firm or that parent undertaking. in the case of a relevant firm, that the conditions in section 71D(1), (2) and (4) are met in relation to that firm, or in the case of a parent undertaking which is not a relevant firm, that the conditions in section 71D(1) and (4) are met in relation to that parent undertaking,

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