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Chapter 3 Special resolution actionF1

United Kingdom

  1. Objectives and code
  2. Mandatory write-down, conversion etc of capital instruments
  3. Valuation before mandatory write-down of capital or stabilisation action
  4. Exercise of powers: general
  5. The stabilisation options
  6. Transfer of securities
  7. Transfer of property
  8. Bail-in option
  9. Replacement of provisional valuation
  10. Termination rights etc
  11. Compensation
  12. Independent valuer: valuation under section 6E or 48X
  13. Resolution administrator
  14. Incidental functions
  15. Treasury
  16. Groups

Annotations

Textual amendments

F1

Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7

Notes on Part 1

Modifications

C1

Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2

C2

Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2