(1) This section applies for the purposes of section 81ZZBA.

(2) The PRA must treat Condition 3 as met if satisfied that it would be met but for financial assistance provided by -

(a) the Treasury, or

(b) the Bank of England,

disregarding ordinary market assistance offered by the Bank of England on its usual terms.

(3) The Bank of England must treat Condition 4 as met if satisfied that it would be met but for financial assistance of the kind mentioned in subsection (2).

(4) For the purposes of Condition 3, a banking group company is failing or likely to fail if -

(a) it is contravening or likely to contravene a regulatory requirement where that contravention is serious in nature or directly related to a deterioration in the financial situation of the banking group company which threatens the viability of -

(i) the banking group company, or

(ii) another undertaking in the same resolution group,