Section 6A(7)

For the purposes of Case 3, the bank is viable unless— the PRA is satisfied that the bank is failing or likely to fail (within the meaning of section 7(5C)), and having regard to timing and other relevant circumstances, the Bank of England is satisfied that it is not reasonably likely that (ignoring section 6B and the stabilisation powers) action will be taken by or in respect of the bank that will result in the bank no longer being a bank which is failing or likely to fail.

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