Section 84D(5)

Where a resolution instrument makes provision under section 84A in respect of a building society— section 81BA (groups: bail-in option) applies with the following modifications— references to a banking group company are to be read as references to a subsidiary of the building society, and the power in subsection (1) of that section is to be exercised only where the Bank of England has exercised the stabilisation power in accordance with section 12A(2) in respect of the parent building society; section 81CA applies as if references to a banking group company were references to a subsidiary of the building society or of the successor company; and section 81D (interpretation: “banking group company”) does not apply.

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