# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, Regulation 106: Exclusion of liabilities from the minimum requirement for own funds and eligible liabilities


A liability is not included within an undertaking’s minimum requirement for own funds and eligible liabilities, as required by section 3A(4B) of the Act, if, in relation to that liability, the obligation in regulation 94(1)—
(a) has not been complied with; or
(b) is suspended under regulation 101(1).

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/106 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-106
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.