Schedule 2, Part 1, paragraph 12

Section 1 (overview) is amended as follows. In subsection (2)(a), for “three” substitute “ four ”. For subsection (3) substitute— The four “stabilisation options” are— transfer to a private sector purchaser (section 11), transfer to a bridge bank (section 12), the bail-in option (section 12A), and transfer to temporary public ownership (section 13). In subsection (4)— for “three” substitute “ four ”; before paragraph (a) insert— the resolution instrument powers (sections 12A(2) and 48U to 48W), in paragraph (b), after “33” insert “ , 41A ”.

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