The Bank Recovery and Resolution (No. 2) Order 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
156A Contractual recognition of bail-in: technical standards
(1) The Bank may make technical standards relating to requirements concerning the contractual recognition of bail-in. (2) Technical standards under paragraph (1) may include provision specifying— (a) liabilities that must be excluded from these requirements; or (b) the content of the contractual term that is comprised in these requirements. (3) In exercising its functions under this article the Bank must take into account the different business models of banks.
156A Contractual recognition of bail-in: technical standards
(1) The Bank may make technical standards relating to requirements concerning the contractual recognition of bail-in. (2) Technical standards under paragraph (1) may include provision specifying— (a) liabilities that must be excluded from these requirements; or (b) the content of the contractual term that is comprised in these requirements. (3) In exercising its functions under this article the Bank must take into account the different business models of banks.
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