SCHEDULE 1Amendments of the Banking Act 2009
Mandatory write-down, conversion etc of capital instrumentsI18
1
Section 6A (cases where mandatory write-down, conversion, etc applies) is amended as follows.
2
In subsection (4)(d), for the words from the beginning to “directive” substitute “
the Bank of England makes a determination
”
.
3
In subsection (9)—
a
omit the definition of “appropriate authority”;
b
in the definition of “consolidated basis” for “Article 2.1(7) of the recovery and resolution directive” substitute “
Article 4.1(47) and (48) of the capital requirements regulation
”
.