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22 March 2021

SRB approach to the eligibility of UK law instruments without bail-in clauses after Brexit

The Single Resolution Board (SRB) will consider liabilities governed by UK law without a contractual bail-in recognition clause as eligible for minimum requirement for own funds and liabilities (MREL), if they were issued on or before 15 November 2018. This exemption shall apply until 28 June...

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