Section 192A(3)

The second condition is that the Bank of England is of the opinion that the exercise of the power in the manner proposed may— threaten the stability of the UK financial system, have serious consequences for business or other interests in the United Kingdom (including for the payment system or provider in relation to which the powers are proposed to be exercised), or have an adverse effect on the Bank’s ability to act in its capacity as a monetary authority.

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