Schedule 11, Part 5, paragraph 117(3)

Condition 2 (which does not apply in a financial assistance case) is that the Bank is satisfied that the exercise of the power in respect of the CCP group company is necessary, having regard to the public interest in— the stability of the UK financial system, and the maintenance of public confidence in the stability of that system.

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