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Term Definition Legal instruments

excluded liability

01/08/2016

THIS DEFINITION ONLY APPLIES TO THE CONTRACTUAL RECOGNITION OF BAIL-IN PART

means any liability listed in section 48B(8) of the Banking Act 2009 except, in respect of liabilities created after 31 July 2016, a liability shall not be regarded as secured for the purposes of section 48(B)(8)(b) of the Banking Act 2009 if, at the time at which it is created, it is not a fully secured liability.

Instruments