(1) A resolution order may apply the bail-in tool to meet the resolution objectives specified in Regulation 61, in accordance with the resolution principles specified in Regulation 64, for any of the following purposes:
(a) to recapitalise an institution or an entity referred to in Regulation 2(1)(b) to (i) that meets the conditions for resolution to the extent sufficient to restore its ability to comply with the conditions for authorisation (to the extent that those conditions apply to the entity) and to continue to carry out the activities for which it is authorised under financial services legislation, where the entity is authorised under that legislation, and to sustain sufficient market confidence in the institution or entity;
(b) to convert to equity or reduce the principal amount of claims or debt instruments that are transferred -
(i) to a bridge institution, with a view to providing capital for that bridge institution, or
(ii) under the sale of business tool referred to in Reg
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