Section 81BA(2)

Condition 1 is that either— the PRA is satisfied that Condition 1 of the general conditions is met in respect of a bank in the same group and the Bank of England is satisfied that Conditions 2, 3 and 4 of the general conditions are met in respect of that bank, or . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a relevant third-country authority of a third-country institution in the same group is satisfied that any conditions required by the law of the third country to be met before third-country resolution action may be taken are met in relation to that third-country institution.

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