# Commission Delegated Regulation (EU) 2016/860 of 4 February 2016 specifying further the circumstances where exclusion from the application of write-down or conversion powers is necessary under Article 44(3) of Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, Article 1: Subject matter

Extent: E+W+S+N.I.

1. This Regulation lays down rules specifying further the exceptional circumstances provided for in section 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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Source: https://www.legislation.gov.uk/eur/2016/860/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2016-860/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.