Regulation 128 Bankruptcy (Scotland) Act 2016

Section 129A (section 129: interpretation)^f1 applies as if for subsection (4) there were substituted—

“(4)

In this Act, “tertiary non-preferential debts” means subordinated debts that are not quaternary non-preferential debts.

(4A)

In this Act, “quaternary non-preferential debts” means debts under instruments the whole or part of which constitute Common Equity Tier 1 instruments, Additional Tier 1 instruments or Tier 2 instruments (all within the meaning of Part 1 of the Banking Act 2009).”.