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Paragraph 95 Continuity obligations: consideration and termsI1I2

United Kingdom

(1)

The Treasury may by regulations specify matters which are to be or not to be considered in determining—

(a)

what amounts to reasonable consideration for the purpose of paragraphs 89 to 94;

(b)

what provisions to include in accordance with paragraph 90(3)(b) or 93(3)(b).

(2)

The Bank may give guarantees or indemnities in respect of consideration for services or facilities provided or to be provided in pursuance of a continuity obligation.

(3)

Regulations under this paragraph are subject to the negative procedure.

Annotations

Commencement

I1

Sch. 11 para. 95 not in force at Royal Assent, see s. 86(3)

I2

Sch. 11 para. 95 in force at 31.12.2023 by S.I. 2023/1382, reg. 8(b)