Schedule 1, Part 1, paragraph 12

An offer of relevant securities resulting from the conversion or exchange, directly or indirectly, of other securities, own funds or other liabilities under— Part 1 of the Banking Act 2009 (special resolution regime), or Schedule 11 to the Financial Services and Markets Act 2023 (central counterparties).

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