Schedule 2, Part 1, paragraph 4(9)

The following special rules apply in cases involving banking group companies— a liability mentioned in subsection (8)(d) is not an excluded liability if the credit institution or investment firm to which the liability is owed is a banking group company in relation to the bank (see section 81D); in subsection (8)(i) the reference to creditors does not include companies which are banking group companies in relation to the bank.

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