65 Memorandum of understanding: [resolution planning and] crisis management
Financial Services Act 2012 (2012 c 21) | Legislation

65  Memorandum of understanding: [resolution planning and] crisis management

(1)     The Treasury (on the one hand) and the Bank of England and the PRA (on the other) must prepare and maintain a memorandum describing in general terms how they intend to comply with section 64 in relation to[—

(a)     the sharing of information by the Bank about any proposals to include in a resolution plan or a group resolution plan an option for the exercise of a stabilisation power by the Bank in relation to an institution or group entity;

(b)]     the circumstances mentioned in subsection (2) of that section.

(2)

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