Section 70A(3)

A suspension imposed under subsection (1)— begins when the instrument providing for the suspension is first published, must end no later than midnight at the end of the first business day following the day on which the instrument providing for the suspension is published, and subject to subsection (2), suspends all obligations to make a payment or delivery under the contract in question, whether the obligation concerned is that of the bank under resolution or of any other party to the contract.

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