Bankruptcy (Scotland) Act 2016
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Memorandwm Esboniadol
128. Section 129A (section 129: interpretation)(1) applies as if for subsection (4) there were substituted—
“(4) In this Act, “tertiary non-preferential debts” means subordinated debts that are not quaternary non-preferential debts.
(4A) In this Act, “quaternary non-preferential debts” means debts under instruments the whole or part of which constitute Common Equity Tier 1 instruments, Additional Tier 1 instruments or Tier 2 instruments (all within the meaning of Part 1 of the Banking Act 2009).”.
(1)
Section 129A was inserted by S.I. 2018/1244.