Section 12(3A)

Where— the Bank of England must, without delay, take all necessary steps to wind up the bridge bank. all or substantially all of the bridge bank’s assets, rights and liabilities have been transferred to a third party, or following a transfer to the bridge bank under this section, no further transfer to the bridge bank is made under this section during the relevant post-transfer period,

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