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Paragraph 9 I1

In section 6B (mandatory write-down, conversion, etc of capital instruments), in subsection (9), for the words from “, pursuant” to the end substitute—

“(a)

pursuant to this section as it applies in relation to a banking group company by virtue of section 81AA, or

(b)

in the course of applying the bail-in option provided for by section 12A or section 81BA.”.

Annotations

Commencement

I1

Sch. 1 para. 9 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)