# The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 89: Removal of procedural impediments to application of bail-in tool


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.”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/3/paragraph/89 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-89
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.