Section 48B(10)

The Bank of England may, in a resolution instrument, exclude any bail-in liability or class of bail-in liabilities from the application of any special bail-in provision in relation to the bank if, and only if, the Bank of England— thinks the exclusion is justified on one or more of the grounds set out in subsection (12), ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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