SCHEDULES
SCHEDULE 2Bail-in stabilisation option
PART 1Amendments of Banking Act 2009
Recognised central counterparties
I19
In section 89B (application of Part 1 of the Act to recognised central counterparties)—
a
in subsection (1), before paragraph (a) insert—
za
subsection (1A),
b
after subsection (1) insert—
1A
The provisions relating to the third stabilisation option (bail-in) are to be disregarded in the application of this Part to recognised central counterparties.
c
in subsection (2), in the substituted section 13(1), for “
third
”
substitute “fourth”.