# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, Regulation 128: Bankruptcy (Scotland) Act 2016


Section 129A (section 129: interpretation) 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).”.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/128 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-128
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.