Maintaining the stability of the UK financial system

20B

1

This paragraph applies for the purposes of a relevant order under paragraph 5, 10 or 11 of Schedule 7 (enforcement orders in cases relating to the stability of the UK financial system) but not for any other purposes of Part 3 or 4 or any other enactment.

2

The order may make such provision as the person making the order considers to be appropriate in the interest of maintaining the stability of the UK financial system.

3

Such provision may, in particular, include provision requiring a person to do, or not to do, particular things.

4

This paragraph is without prejudice to the operation of the other paragraphs of this Schedule in relation to the order.

5

In this paragraph “relevant order” means an order—

a

which is to be made following the giving of an intervention notice or special intervention notice which mentions the consideration specified in section 58(2D) (including, in the case of a notice given before the consideration was so specified, an intervention notice which mentions the consideration as a consideration which ought to be specified in section 58); and

b

to which the consideration is still relevant.