Section 6A(4)

Case 3 is where— the bank is viable, it is a subsidiary, relevant capital instruments issued by it are recognised for the purpose of meeting own funds requirements on an individual basis and on a consolidated basis, and the Bank of England makes a determination that the group of which the bank is a member will not be viable unless the action required by section 6B is taken in relation to those instruments.

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