Section 70C(7)

A person may exercise a termination right under a contract before the expiry of the suspension if that person is given notice by the Bank of England that the rights and liabilities of the bank under resolution covered by the contract are not— to be transferred to another undertaking through the exercise of a stabilisation power, or to be made subject to a mandatory reduction instrument or a resolution instrument.

← 6 · All articles · 8 →

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