(1) Subject to any restrictions imposed in accordance with Union law or national law competition rules, the management body of the bridge institution shall manage the bridge institution having regard to the following objectives:
(a) maintaining access to critical functions;
(b) selling the institution or entity referred to in Regulation 2(1)(b) to (i), or its assets, rights or liabilities, to one or more private sector purchasers when conditions are appropriate and within the period specified in paragraph (6) or, where applicable, paragraph (7).
(2) The resolution authority shall decide that the bridge institution is no longer a bridge institution for the purposes of Regulation 71(3) where any of the following has occurred:
(a) the bridge institution has merged with another entity;
(b) the bridge institution has ceased to meet the requirements of Regulation 71(3);
(c) all or substantially all of the bridge institution's assets, rights and liabilities have been sold to a third party or
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