Recognised central counterparties
This
adran has no associated
Nodiadau Esboniadol
9In 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”.