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The Investment Bank Special Administration Regulations 2011

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7.  Section 120 of the Act is applied with the following modifications—U.K.

(a)in subsection (7)(b), the reference to a bank insolvency order includes a special administration order;

(b)in subsection (8), the reference to bank insolvency order includes a special administration order or a special administration (bank insolvency) order;

(c)in subsection (10)(b), the reference to bank insolvency order includes a special administration order or a special administration (bank insolvency) order; and

(d)in subsection (10)(c), the reference to bank insolvency order includes a special administration (bank insolvency) order.

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