# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, Regulation 127: Bankruptcy (Scotland) Act 2016


Section 129 (priority in distribution) applies as if it were modified as follows.
(a) in subsection (1)—
(i) after paragraph (gb) there were inserted—
“(gc) quaternary non-preferential debts,”, and
(ii) in paragraph (h)—
(aa) the “and” after sub-paragraph (iv) were omitted, and
(bb) after sub-paragraph (v) there were inserted—
“and
(vi) the quaternary non-preferential debts,”.
(b) in subsection (3A), for “and “tertiary non-preferential debts”” there were substituted “, “tertiary non-preferential debts” and “quaternary non-preferential debts””.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/127 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-127
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.