(1) These Regulations apply in the following cases.

(2) Case 1 is where the Bank has made a resolution instrument in accordance with section 12A(2) of the Act [Section 12A was inserted by the Financial Services (Banking Reform) Act 2013 (c. 33), Schedule 2, paragraph 2. It is amended by article 20 of the Bank Recovery and Resolution Order 2014.] ("Case 1").

(3) Case 2 is where -

(a) the Bank has made a property transfer instrument in accordance with section 11(2), 12(2), 12ZA(3) or 44D(2) of the Act [Section 12 is amended by article 18 of the Bank Recovery and Resolution Order 2014; section 12ZA is inserted by article 19 of that Order.], and