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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2015 - onwards
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48K. Bail-in administrator: money

Omitted from 1 January 2015

(1) A resolution instrument may provide for the payment of remuneration and allowances to a bail-in administrator.

(2) Provision made under subsection (1) may provide that the amounts are -

(a) to be paid by the Bank of England, or

(b) to be determined by the Bank of England and paid by the bank.

(3) A bail-in administrator is not liable for damages in respect of anything done in good faith for the purposes of or in connection with the functions of the office (subject to section 8 of the Human Rights Act 1998).

Comparing proposed amendment...