Section 89JA(6)

For section 7A (effect on other group members, financial stability in EU etc) substitute— Where the Bank of England is considering making a property transfer instrument in respect of a UK branch of a third-country institution which is a member of a group, the Bank must have regard to— the need to minimise the effect of making the property transfer instrument on other undertakings in the same group, the need to minimise any adverse effects on the financial stability of the United Kingdom, and the potential effect of making the property transfer instrument on the financial stability of the country or territory in which the head office of the third-country institution is established, and any other country or territory (other than the United Kingdom) in which any member of the group is operating.

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