Section 48P(3)

The Treasury may by order— restrict the exercise of any power within the scope of this paragraph in cases that involve, or where the exercise of the power might affect, protected arrangements; impose conditions on the exercise of any power within the scope of this paragraph in cases that involve, or where the exercise of the power might affect, protected arrangements; require any instrument that makes special bail-in provision to include specified provision, or provision to a specified effect, in respect of or for purposes connected with protected arrangements; provide for an instrument to be void or voidable, or for other consequences to arise, if or in so far as the instrument is made or purported to be made in contravention of a provision of the order (or of another order under this section); specify principles to which the Bank of England is to be required to have regard in exercising specified powers— that involve protected arrangements, or where the exercise of the powers might affect protected arrangements.

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