[142E Power of Treasury to impose prohibitions]

[142E  Power of Treasury to impose prohibitions]

[(1)     The Treasury may by order prohibit ring-fenced bodies from—

(a)     entering into transactions of a specified kind or with persons falling within a specified class;

(b)     establishing or maintaining a branch in a specified country or territory;

(c)     holding in specified circumstances shares or voting power in companies of a specified description.

(2)     In deciding whether to make an order under this section imposing a prohibition, the Treasury must—

(a)     have regard to the risks to which a ring-fenced body would be exposed if it did the thing to which the prohibition relates, and


Popular documents