Section 11A(5)

In particular subsection (1) does not apply if the Bank considers that— there is a material threat to financial stability in the United Kingdom ... arising from or aggravated by the failure or likely failure of the bank, and complying with subsection (1) would undermine the effectiveness of the first stabilisation option in addressing that threat or achieving the objective in section 4(4).

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