Part 1Special Resolution Regime
Chapter 3 Special resolution action
F1Bail-in option
48SResolution instruments: general matters
(1)
Provision made in a resolution instrument takes effect despite any restriction arising by virtue of contract or legislation or in any other way.
(2)
A resolution instrument may include incidental, consequential or transitional provision.
(3)
In relying on subsection (2) a resolution instrument—
(a)
may make provision generally or only for specified purposes, cases or circumstances, and
(b)
may make different provision for different purposes, cases or circumstances.