Section 81ZZBA(8)

Condition 7 (which applies only in a financial assistance case) is that— the Treasury have recommended the Bank of England to exercise a stabilisation power on the grounds that it is necessary to protect the public interest, and in the Bank of England’s opinion, exercise of the power in respect of the banking group company is an appropriate way to provide that protection.

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