# Financial Services and Markets Act 2023, Paragraph 96: Continuity obligations: termination

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

(1) The Bank may by notice terminate an obligation arising under paragraph 89 or 92.
(2) The power under sub-paragraph (1) is exercisable by giving a notice to each person—
(a) on whom the obligation is imposed, or
(b) who has benefited or might have expected to benefit from the obligation.
(3) A reference in sub-paragraph (1) to obligations under a paragraph includes a reference to obligations under that paragraph as applied under paragraph 91 or 94.

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Source: https://www.legislation.gov.uk/ukpga/2023/29/schedule/11/paragraph/96 (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2023/schedule-11/paragraph-96
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.