Glossary

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Term Definition Legal instruments

third-country law financial arrangement

01/06/2016

THIS DEFINITION ONLY APPLIES TO THE STAY IN RESOLUTION PART

means a financial arrangement which:

(a) is governed by the law of a third country, and

(b) contains a termination right or a security interest, the exercise or enforcement of which could be suspended or prevented or the application of which would be disregarded under the Special Resolution Regime if the financial arrangement were governed by the laws of any part of the United Kingdom.