Schedule 2, Part 1, paragraph 4(3)

Where a bail-in administrator is appointed under this Part, the Bank of England— must make provision in a resolution instrument for resignation and replacement of the bail-in administrator; may remove the bail-in administrator from office only (i) on the ground of incapacity or misconduct, or (ii) on the ground that there is no further need for a person to perform the functions conferred on the bail-in administrator.

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