[214C Limit on amount of special resolution regime payments]
[214C Limit on amount of special resolution regime payments]

[(1)     The total amount of special resolution regime payments required to be made in respect of a person (“the institution”) may not exceed—

(a)     notional net expenditure (see subsection (3)), minus

(b)     actual net expenditure (see subsection (4)).

(2)     A “special resolution regime payment” is—

(a)     a payment under section 214B(2); or

(b)     a payment required to be made by the scheme manager by virtue of section 61 of the Banking Act 2009 (special resolution regime: compensation).

(3)     Notional net expenditure is—

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