# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, Regulation 123: Housing Act 1996


Section 44 of the Housing Act 1996 (proposals as to ownership and management of landlord’s land) applies as if subsection (4) were modified as follows—
(a) in paragraph (d)(ii), the final “or” were omitted;
(b) after paragraph (d)(iii), there were inserted—
“or
(iv) a tertiary non-preferential debt of the landlord is to be paid otherwise than in priority to any quaternary non-preferential debts of the landlord”;
(c) in the words after paragraph (d), after “tertiary non-preferential debts” there were inserted “, quaternary non-preferential debts”.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/123 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-123
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.