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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
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Regulation 113 Rights of shareholders during resolution period.

(1) A resolution order may provide that the voting rights and other rights of shareholders be suspended during the resolution period.

(2) Where the rights of shareholders are suspended under paragraph (1), the resolution order shall provide that either -

(a) the resolution authority, exercising its powers under Regulation 123, or

(b) a special manager, in accordance with Regulation 115,

may substitute its own decision for any decision that would otherwise be made by the shareholders of the institution under resolution, and where it does, the decision shall be taken to be the decision of the shareholders.

Comparing proposed amendment...