Section 77

This section applies where the Bank of England has transferred all or part of a bank's business to a resolution company. The Bank of England must comply with any notice of the Treasury requiring the Bank, for the purpose of ensuring compliance by the United Kingdom with its international obligations— to take specified action under this Part in respect of the resolution company, or not to take specified action under this Part in respect of the resolution company. A notice under subsection (1)— must be in writing, and may be withdrawn (generally, partially or conditionally). A notice may include requirements about timing.

← 5 · All articles · 1 →

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