Section 11A(2)

The arrangements under subsection (1) must— be as transparent as possible having regard to the circumstances and the need to maintain financial stability; ensure there is no conflict of interest; take account of the need for the Bank to act quickly to address the situation where a bank is failing or likely to fail; aim at maximising, as far as possible, the sale price for the securities or property, rights or liabilities involved.

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