Part 2: Subsidy control requirements Chapter 2: Prohibitions and other requirements Section 21: Restructuring deposit takers or insurance companies
This section establishes rules around subsidies for the purpose of restructuring ailing or insolvent banks, other deposit takers or insurance companies. Subsidies of this kind are prohibited unless specific requirements are met.
	These conditions are set out in subsections (2) to (4), and require:
that the recipient enterprise should have a restructuring plan in place which the public authority giving the subsidy is satisfied is credible and likely to restore long term viability;
that the enterprise, its shareholders, creditors, or investors, should have made a considerable contribution to the cost of restructuring from their own resources, or have a contractual requirement to do so; and
that the public authority should expect to be remunerated for the cost of the subsidy.