# The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 8: Mandatory write-down, conversion etc of capital instruments


(1) Section 6A (cases where mandatory write-down, conversion, etc applies) is amended as follows.
(2) In subsection (4)(d), for the words from the beginning to “directive” substitute “the Bank of England makes a determination”.
(3) In subsection (9)—
(a) omit the definition of “appropriate authority”;
(b) in the definition of “consolidated basis” for “Article 2.1(7) of the recovery and resolution directive” substitute “Article 4.1(47) and (48) of the capital requirements regulation”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/1/paragraph/8 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-1/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.