(1) This section applies for the purposes of section 81ZBB.
(2) The PRA must treat Condition 3 as met if satisfied that it would be met but for financial assistance provided by -
(a) the Treasury, or
(b) the Bank of England,
disregarding ordinary market assistance offered by the Bank of England on its usual terms.
(3) The Bank of England must treat Condition 4 as met if satisfied that it would be met but for financial assistance of the kind mentioned in subsection (2).
(4) For the purposes of Condition 3, a banking group company is failing or likely to fail if -
(a) it is contravening or likely to contravene a regulatory requirement where that contravention is serious in nature or directly related to a deterioration in the financial situation of the banking group company which threatens the viability of -
(i) the banking group company , or
(ii) another undertaking in the same resolution group,
(b) it is failing, or is likely to fail, to meet the approval conditions set out in section 1
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