Part 1Special Resolution Regime

Chapter 3 Special resolution action

F1Bail-in option

48RExecution and registration of instruments etc

(1)

A resolution instrument may permit or require the execution, issue or delivery of an instrument.

(2)

A resolution instrument may provide for any provision in the instrument to have effect irrespective of—

(a)

whether an instrument has been produced, delivered, transferred or otherwise dealt with;

(b)

registration.

(3)

A resolution instrument may provide for the effect of an instrument executed, issued or delivered in accordance with the resolution instrument.

(4)

A resolution instrument may—

(a)

entitle a person to be registered in respect of a security;

(b)

require a person to effect registration.