# The Bank Recovery and Resolution (No. 2) Order 2014, Article 157: Application and interpretation of Part


(1) This Part applies where the Bank has decided to apply the stabilisation option referred to in paragraph (c) of section 1(3) (the bail-in option) in relation to liabilities arising from a derivative contract.
(2) In this Part each reference to a section is a reference to a section of the Banking Act 2009.

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Source: https://www.legislation.gov.uk/uksi/2014/3348/article/157 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-157
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.