Section 6A(2)

Case 1 is where— the conditions imposed by sections 7 to 9 on the exercise of a stabilisation power in respect of the bank are met, the Bank of England or the Treasury (as the case may be) has decided to exercise the power, and section 12AA (mandatory write-down etc in bail-in cases) does not apply.

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