The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

Minimum requirement for own funds and eligible liabilities: other provisions

This section has no associated Explanatory Memorandum

82.—(1) Article 148 (meeting minimum requirement through contractual bail-in instruments etc) is amended as follows.

(2) In paragraph (1)—

(a)in sub-paragraph (b) omit “or 5”;

(b)in sub-paragraph (c) omit “or 3”.

(3) At the end insert—

(4) “Normal insolvency proceedings” has the meaning given in section 3(1) of the Banking Act 2009.