Section 70C(8)

If— a person may, on the expiry of the suspension, exercise the termination right in accordance with the terms of the contract. no notice has been given by the Bank of England under subsection (7), and a termination right has been triggered otherwise than through the exercise of a stabilisation power or the imposition of a suspension under subsection (1) (or the occurrence of an event directly linked to the exercise of a stabilisation power),

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