(1) This section sets out the special resolution objectives.
(2) The relevant authorities shall have regard to the special resolution objectives in using, or considering the use of -
(a) the stabilisation powers,
(b) the bank insolvency procedure, or
(c) the bank administration procedure.
(3) For the purpose of this section the relevant authorities are -
(a) the Treasury,
(c) the Bank of England.
(3A) Objective 1 is to ensure the continuity of banking services in the United Kingdom and of critical functions.
(4) Objective 2 is to protect and enhance the stability of the financial system of the United Kingdom, including in particular by -
(a) preventing contagion (including contagion to market infrastructures such as investment exchanges, clearing houses, recognised CSDs within the meaning of section 285 of the Financial Services and Markets Act 2000 and central counterparties authorised or recognised in the United Kingdom in accordance with Article 14 or
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