(1) Part 1 of the Banking Act 2009 [2009 c. 1.] is amended as follows.

(2) In section 84 [Section 84 was amended by section 21 of the Financial Services Act 2010 (c. 28) and S.I. 2014/3329.] (application of Part 1 to building societies: general), for the existing text before the Table substitute -

"This Part applies to building societies (within the meaning of section 119 of the Building Societies Act 1986 [1986 c. 53. There are amendments to section 119, but none is relevant.]) as it applies to banks, subject to -

(a) the provisions of the Table, and

(b) sections 84A to 84D (which relate to the fourth stabilisation option).".

(3) After section 84 insert -

"84A. Bail-in option: building societies

(1) This section applies for the purpose of the exercise of the fourth stabilisation option (bail-in) in relation to a building society.

(2) Subsection (2A) of section 12A [Section 12A was inserted by paragraph 2 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 (c. 33) and amended by S.I. 2014/3329.] (bail-in option) is to be read as if the provision referred to included provision under this section.