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Version date: 1 January 2015 - onwards
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12A. Bail-in option

(1) The fourth stabilisation option is exercised by the use of the power in subsection (2).

(2) The Bank of England may make one or more resolution instruments.

(2A) A resolution instrument may contain provision or proposals of any kind mentioned in subsections (3) to (6).

(2B) The power in subsection (2) must be exercised in accordance with section 12AA [Section 12AA is inserted by article 21 of this Order.].

(2C) When the Bank of England exercise that power, at least one resolution instrument must include provision under section 48H(1) (business reorganisation plan) [Section 48H in inserted by Schedule 2 to the Financial Services (Banking Reform) Act 2013, paragraphs 1 and 4.].

(3) A resolution instrument may -

(a) make special bail-in provision with respect to a specified bank;

(b) make other provision for the purposes of, or in connection with, any special bail-in provision made by that or another instrument.

(4) A resolution instrument may -

(a) provide for securities issued by a

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