Schedule 11, Part 5, paragraph 96

The Bank may by notice terminate an obligation arising under paragraph 89 or 92. The power under sub-paragraph (1) is exercisable by giving a notice to each person— on whom the obligation is imposed, or who has benefited or might have expected to benefit from the obligation. A reference in sub-paragraph (1) to obligations under a paragraph includes a reference to obligations under that paragraph as applied under paragraph 91 or 94.

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