Article 156A Contractual recognition of bail-in: technical standardsF1

(1)

The Bank may make technical standards relating to requirements concerning the contractual recognition of bail-in.

(2)

Technical standards under paragraph (1) may include provision specifying—

(a)

liabilities that must be excluded from these requirements; or

(b)

the content of the contractual term that is comprised in these requirements.

(3)

In exercising its functions under this article the Bank must take into account the different business models of banks.

Annotations

F1: Pt. 11A inserted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 89; 2020 c. 1, Sch. 5 para. 1(1)

F1: Order revoked (14.12.2023 for the revocation of art. 227) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(x)