Paragraph 9 Mandatory write-down, conversion etc of capital instruments

In section 6B (mandatory write-down, conversion, etc of capital instruments), in subsection (9), for the words from “, pursuant” to the end substitute—

“—

(a)

pursuant to this section as it applies in relation to a banking group company by virtue of section 81AA, or

(b)

in the course of applying the bail-in option provided for by section 12A or section 81BA.”.