http://www.legislation.gov.uk/uksi/2014/1831/article/1

The Banking Act 2009 (Banking Group Companies) Order 2014

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Statute Law Database

FINANCIAL SERVICES AND MARKETS

2023-02-09

Expert Participation

2020-12-31

This Order specifies conditions which must be met in respect of an undertaking which is in the same group as a bank if it is to be a “banking group company” for the purposes of Part 1 of the Banking Act 2009 (c. 1) (“the Act”). Section 81B of the Act empowers the Bank of England to exercise a stabilisation power in respect of a banking group company to achieve a transfer to a commercial purchaser or a bridge bank.