[142I Powers of Treasury in relation to ring-fencing rules]
[142I Powers of Treasury in relation to ring-fencing rules]

[(1)     The Treasury may by order require the appropriate regulator, as defined in section 142H(8), to include (or not to include) in ring-fencing rules specified provision relating to—

(a)     any of the matters mentioned in section 142H(5)(a) to (g), or

(b)     any other specified matter.

(2)     The power to make an order under this section is exercisable only if the Treasury consider it necessary or expedient to do so—

(a)     for any of the group ring-fencing purposes as defined in section 142H(4), or

(b)     otherwise for securing the independence of ring-fenced bodies from other members of their groups.