Regulation 94 Requirement to include a contractual term recognising bail-in

(1)

A relevant undertaking must include a relevant term in a relevant contract.

(2)

For the purposes of paragraph (1)—

(a)

a relevant undertaking is an undertaking to which regulation 95 applies;

(b)

a relevant contract is a contract to which regulation 96 applies; and

(c)

a relevant term is a term which meets the requirements in regulation 97.