(1) This section applies to bank administration following transfer to a resolution company.

(2) Within the period of 5 days beginning with the day on which the bank administrator is appointed, the Bank of England must give the bank administrator information about the financial positions of the residual bank and the resolution company.

(3) While the residual bank is in bank administration the resolution company must give the bank administrator on request information about the financial position of the resolution company that the bank administrator requires for the purposes of pursuing Objective 1 in section 137.

(4) Until the Bank of England has given an Objective 1 Achievement Notice, the bank administrator must -

(a) give the Bank of England information on request,

(b) allow the Bank of England access to records on request,

(c) give the resolution company information on request,

(d) allow the resolution company access to records on request,