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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2015 - onwards
Version 6 of 6

83. Supplemental

(1) In the following provisions references to banks include references to holding companies -

(a) section 10(1),

(aa) section 12ZA(2)(c),

(b) section 13(3),

(c) section 16(1), and

(d) section 75(5)(a).

(2) Where the Treasury take a bank's holding company into temporary public ownership in reliance on section 82 -

(a) section 20(2) applies to (i) directors of the holding company, (ii) directors of the bank, and (iii) directors of a bank in the same group,

(b) section 25(2) applies as if references to a bank were references to a holding company,

(c) sections 27 to 29 apply as if references to a bank were references to a holding company,