Regulation 28 Amendment of the Banking Act 2009 (Restriction of Special Bail-in Provisions, etc) Order 2014

(1)

The Banking Act 2009 (Restriction of Special Bail-in Provision, etc) Order 2014^f1 is amended in accordance with this regulation.

(2)

In article 2(1)—

(a)

after the definition of “the Act” insert—

““bail-in liability has the meaning given in section 2(1) of the Banking Act 2009”;

(b)

omit the definition of “eligible liabilities”.

(3)

In article 4(2) for “an eligible liability” substitute “a bail-in liability”.

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