(1) "Special bail-in provision", in relation to a bank, means any of the following (or any combination of the following) -
(a) provision cancelling a liability owed by the bank;
(b) provision modifying, or changing the form of, a liability owed by the bank;
(c) provision that a contract under which the bank has a liability is to have effect as if a specified right had been exercised under it.
(2) "Special bail-in provision", in relation to a bank, also includes any associated provision (see subsection (3)) that the Bank of England may think it appropriate to make in consequence of any provision under subsection (1) that -
(a) is made in the same resolution instrument, or
(b) has been made in another resolution instrument in respect of the bank.
(3) "Associated provision" means provision cancelling or modifying a contract under which a banking group company has a liability.
(4) A power to make special bail-in provision -
(a) may be exercised only for the purpose of, or in connection wit
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