Section 5(2)

The code may, in particular, provide guidance on— how the special resolution objectives are to be understood and achieved, the choice between different options, the information to be provided in the course of a consultation under this Part, the giving of advice by one relevant authority to another about whether, when and how the stabilisation powers are to be used, how to determine whether Condition 2 in section 7 is met, how to determine whether tests for the use of the stabilisation powers in sections 8 and 8ZA are satisfied, sections 63 and 66, and compensation.

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