# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, Regulation 8: Mandatory write-down, conversion etc.


In section 6C (mandatory reduction instruments: implementation of requirements of section 6B)—
(a) in subsection (1), in the opening words after “relevant capital instrument”, insert “or a relevant internal liability”;
(b) in subsection (1), in paragraphs (b) and (c) after “relevant capital instrument”, insert “or the relevant internal liability”;
(c) in subsection (1), in paragraph (b) after “the instrument”, in both places it occurs insert “or relevant internal liability”;
(d) in subsection (2), after “relevant capital instruments” insert “or relevant internal liabilities”;
(e) in subsection (3), after “relevant capital instruments” in both places it occurs insert “or relevant internal liabilities”;
(f) in subsection (4), after “relevant capital instruments” insert “or relevant internal liabilities”; and
(g) in subsection (4)(d), after “capital instrument” insert “or relevant internal liability”.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/8 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.