Section 62C(1)

An appointment instrument or a Part 1 instrument may— authorise a resolution administrator to manage the bank’s business (or confer on a resolution administrator any other power with respect to the management of the bank’s business); authorise a resolution administrator to exercise any other powers of the bank; confer on a resolution administrator any other power the Bank of England may consider appropriate; provide that the exercise of any power conferred by the instrument in accordance with this section is to be subject to conditions specified in the instrument.

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