Part 7Miscellaneous

Treasury support for banks

230“Financial institution”

(1)

The Treasury may by order provide that a specified institution, or an institution of a specified class, is or is not to be treated as a financial institution for the purposes of section 228 or 229.

(2)

An order—

(a)

shall be made by statutory instrument, and

(b)

shall be subject to annulment in pursuance of a resolution of either House of Parliament.