This section has no associated Explanatory Notes
9U.K.In section 89B (application of Part 1 of the Act to recognised central counterparties)—
(a)in subsection (1), before paragraph (a) insert—
“(za)subsection (1A),”;
(b)after subsection (1) insert—
“(1A)The provisions relating to the third stabilisation option (bail-in) are to be disregarded in the application of this Part to recognised central counterparties.”;
(c)in subsection (2), in the substituted section 13(1), for “ third ” substitute “fourth”.
Commencement Information
I1Sch. 2 para. 9 in force at 31.12.2014 by S.I. 2014/3160, art. 2(1)(b)