# The Bank Recovery and Resolution Order 2014, Article 67: Third party compensation: mandatory provision


(1) Section 60 (third party compensation: mandatory provision) is amended as follows.
(2) In subsection (2) after “pre-transfer” insert “shareholders or”.
(3) In subsection (3)(b)—
(a) after “pre-transfer” insert “shareholder or”, and
(b) in sub-paragraph (i), for “is a creditor of a” substitute “holds securities issued by, or is a creditor of, a”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123782/article/67 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-67
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.