SCHEDULES

SCHEDULE 3Saving and transitional provision relating to Part 1

Continuity: general provision

I112

There may be continued by or in relation to the Bank, in its capacity as the Prudential Regulation Authority, anything (including legal proceedings) that—

a

relates to a transferred function or transferred property, and

b

is in the process of being done by or in relation to the company immediately before the function or property is transferred.