[214B Contribution to costs of special resolution regime]
[214B Contribution to costs of special resolution regime]

[(1)     This section applies if—

(a)     a stabilisation power under Part 1 of the Banking Act 2009 has been exercised in respect of a bank, building society[, credit union or investment firm] within the meaning of that Part (“the institution”); and

(b)     the Treasury think that the institution was or was likely to have been, or but for the exercise of the power would have become, unable to satisfy claims against it.

(2)     The Treasury may require the scheme manager to make payments (to the Treasury or any other person) in respect of expenses of a prescribed description incurred (by

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