Regulation 76 Amendment of Schedule 1

(1)

Schedule 1 (amendments of the Banking Act 2009) is amended in accordance with this regulation.

(2)

In paragraph 10 (mandatory write-down, conversion etc of capital instruments)—

(a)

in sub-paragraph (4), after “instrument” insert “or liability”;

(b)

in sub-paragraph (5), in the inserted subsection (4A), after “instrument” insert “or liability”.

(3)

In paragraph 23 (termination rights etc), in sub-paragraph (2), omit paragraph (a).

(4)

In paragraph 42 (third-country resolution actions), after sub-paragraph (3) insert—

“(4)
In subsection (9A)—

(a)
in the modified subsection (5), after “United Kingdom and the”, for “third country” substitute “country or territory”;

(b)
in the modified subsection (6), for ““third-country group company” and “third country”” substitute “and “third-country group company””.”.