Section 12AA(2)

In this section— ... “the shortfall amount” means the sum of the amounts referred to in Article 47.3(b) and (c) of the resolution and recovery directive less the amount of any recapitalisation payment required under section 214E of the Financial Services and Markets Act 2000 in relation to the bank in question.

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