# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, Regulation 111: Non-preferential debts in winding up of companies


Section 176AZA (non-preferential debts of financial institutions) applies as if after subsection (3) there were inserted—
“(3A) The company’s tertiary non-preferential debts shall be paid in priority to its quaternary non-preferential debts.”.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/111 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-111
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.