Section 155(1)

This article applies where— the memorandum of association of a UK entity which is a company includes a statement of the amount of the entity's authorised share capital; and the resolution plan being drawn up for the entity or the group resolution plan being drawn up for the relevant group of which the entity is the UK parent undertaking or a group subsidiary includes provision for the application in respect of the entity of the stabilisation option referred to in paragraph (c) of section 1(3) of the Banking Act 2009 (the bail-in option).

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