Section 48B(1)

“Special bail-in provision”, in relation to a bank, means any of the following (or any combination of the following)— provision cancelling a liability owed by the bank; provision modifying, or changing the form of, a liability owed by the bank; provision that a contract under which the bank has a liability is to have effect as if a specified right had been exercised under it.

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Source: legislation.gov.uk · retrieved 2026-09-04