(1) Part 3 (bank administration) is amended as follows.

(2) In section 136(2) (overview) -

(a) for "bridge bank", in both places, substitute "resolution company", and

(b) in paragraph (a), after "section 12" insert "or 12ZA" [Section 12ZA was inserted by S.I. 2014/3329.].

(3) In section 137(1)(a) (objectives), for "bridge bank" substitute "resolution company".

(4) In section 138 (objective 1: supporting private sector purchaser or bridge bank) -

(a) in subsections (1) and (4), and in the heading to section 138, for "bridge bank", in each place it occurs, substitute "resolution company";

(b) in subsection (2)(a) after "transfer instrument" insert "(including a bridge bank supplemental property transfer instrument or bridge bank supplemental reverse property transfer instrument)."

(5) In section 139 (objective 1: duration), for "bridge bank", in both places, substitute "resolution company".