Section 81AA(5)

This subsection applies in relation to the banking group company if— the PRA is satisfied that Condition 1 in section 7 is met in respect of a bank to which section 81D(1)(a) applies, and the Bank of England is satisfied that (ignoring section 6B) Condition 2 in section 7 is met in relation to that bank.

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