Paragraph 82 I1
(1)
Article 148 (meeting minimum requirement through contractual bail-in instruments etc) is amended as follows.
(2)
In paragraph (1)—
(a)
in sub-paragraph (b) omit “or 5”;
(b)
in sub-paragraph (c) omit “or 3”.
(3)
At the end insert—
“(4)“Normal insolvency proceedings” has the meaning given in section 3(1) of the Banking Act 2009.”
Annotations
Commencement
- I1
Sch. 3 para. 82 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)