{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-10",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-10.json",
  "legislation": "ukdsi/2020/9780348213676",
  "legislation_title": "The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020",
  "legislation_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Special bail-in provision",
  "text": "In section 48B (special bail-in provision)—\n(a) in subsection (8), after paragraph (e) insert—\n“(ea) liabilities with a remaining maturity of less than 7 days owed by the bank to a recognised central counterparty, an EEA central counterparty or a third country central counterparty;”;\n(b) in the same subsection, after paragraph (j) insert—\n“(k) liabilities owed by the bank to another bank or a banking group company which (in either case)—\n(i) is part of the same resolution group as the bank, and\n(ii) is not itself a resolution entity,\nwhere the liabilities do not rank below ordinary non-preferential debts under the hierarchy of claims in normal insolvency proceedings.”;\n(c) in subsection (10), for “eligible” in both places it occurs substitute “bail-in”;\n(d) in subsection (11)—\n(i) for “an eligible liability” in each place it occurs substitute “a bail-in liability”;\n(ii) for “the eligible liabilities” substitute “the bail-in liabilities”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 48B was inserted by S.I. 2014/3329."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/10",
    "retrieved_at": "2026-10-30T14:48:37.128063+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}