C2C1C3C5C4Part 3Bank Administration

Annotations:

Miscellaneous

I2I1156Application of other law

1

The Secretary of State and the Treasury may by order made jointly—

a

provide for an enactment about insolvency or administration to apply to bank administration (with or without specified modifications);

b

amend, or modify the application of, an enactment about insolvency or administration in consequence of this Part.

2

An order under subsection (1)—

a

shall be made by statutory instrument, and

b

may not be made unless a draft has been laid before and approved by resolution of each House of Parliament.