Part 2: Financial Services Section 26: Decisions causing a financial institution to fail: meaning of insolvency
This section extends the circumstances when a financial institution can be said to be failing for the purpose of the criminal offence created by section 36 of the 2013 Act (offence relating to a decision causing a financial institution to fail), so that it includes cases where a building society goes into the building society insolvency or administration procedure, or an investment bank is put into one of the insolvency procedures provided for in the Investment Bank Special Administration Regulations 2011.