Article 1 Subject matter
United Kingdom
This Regulation lays down rules specifying further the exceptional circumstances provided for in F1section 48B of the Banking Act 2009 (including as applied by sections 81CA, 83A, 84, 89A and 89JA of that Act), where the Bank of England may in a resolution instrument or a property transfer instrument exclude any eligible liability or class of eligible liabilities from the application of any special bail-in provision.
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Annotations
Textual amendments
- F1
Words in Art. 1(1) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 5 para. 2(2)(a); 2020 c. 1, Sch. 5 para. 1(1)
- F2
Art. 1(2) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 5 para. 2(2)(b); 2020 c. 1, Sch. 5 para. 1(1)