Schedule 3, Part 3, paragraph 9(3)
The Bank Recovery and Resolution (No. 2) Order 2014 · United Kingdom
In regulation 12, after paragraph (4) insert— Nothing in this regulation prevents the Bank of England imposing a restriction on the effect of a close out netting provision in the exercise of its powers under Part 1 of the Banking Act 2009.
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Source: legislation.gov.uk · retrieved 2026-09-04