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

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/94 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-94
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.