Schedule 12, Part 3, paragraph 3(1)

In determining the value of the liability for the purposes of a relevant insolvency provision, no account is to be taken of the contingent or prospective value of the liability, or interest on the liability, arising from any expectation that the write-down order will be varied, further varied or cease to have effect (whether in relation to the liability or generally).

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