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Paragraph 89 Removal of procedural impediments to application of bail-in tool

Original text. Later amendments are not shown.

After article 156 insert—

“PART 11A

Contractual recognition of bail-in

Contractual recognition of bail-in: technical standards

156A.
(1)

The Bank may make technical standards relating to requirements concerning the contractual recognition of bail-in.

(2)

Technical standards under paragraph (1) may include provision specifying—

(a)

liabilities that must be excluded from these requirements; or

(b)

the content of the contractual term that is comprised in these requirements.

(3)

In exercising its functions under this article the Bank must take into account the different business models of banks.”.