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”.