Schedule 11, Part 5, paragraph 117(4)

Condition 3 (which applies only in a financial assistance case) is that— the Treasury have recommended the Bank to exercise a stabilisation power on the grounds that it is necessary to protect the public interest, and in the Bank’s opinion, exercise of the power in respect of the CCP group company is an appropriate way to provide that protection.

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