Section 185(1)

Where— the Bank may apply to that court for a stay of the proceedings. the Bank has made a mandatory reduction instrument or exercised a stabilisation power in relation to any bank, building society, investment firm or banking group company (“institution under resolution”), the institution under resolution is a party to legal proceedings before any court in the United Kingdom, and the Bank reasonably considers that a stay of those proceedings is necessary for an effective application of the resolution tools or the stabilisation powers,

← 185 · All articles · 2 →

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