# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, 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””.”.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/76 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-76
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.