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Version date: 31 December 2020 - onwards
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48Z. Termination rights etc

(1) In this section -

"crisis management measure" Kingdom means -

(a) the exercise of a stabilisation power in relation to the bank by the Bank of England or the Treasury,

(b) the appointment of a resolution administrator under section 62B,

(c) the recognition by the Bank of England of third-country resolution action (or part of such action) in accordance with Chapter 5 of this Part, or

(d) the exercise by the Bank of a stabilisation power by virtue of section 89I(3) (exercise of powers in support of third-country resolution action),

"crisis prevention measure" Kingdom means -

(a) the imposition by the PRA or the FCA under the Bank Recovery and Resolution (No 2) Order 2014 (SI 2014/3348) of a requirement to take relevant measures as described in article 15, 16, or 23 of that Order,

(b) the imposition by the Bank of England of a requirement to take measures to remove impediments to resolvability under section 3A,

(c) the taking by the FCA or the PRA of a measure for early intervention u

Comparing proposed amendment...