[48L Powers in relation to securities]
Banking Act 2009 (2009 c 1) | Legislation

[48L  Powers in relation to securities]

[(1)     A resolution instrument may—

(a)     cancel or modify any securities to which this subsection applies;

(b)     convert any such securities from one form or class into another.

(2)     Subsection (1) applies to securities issued by the bank that fall within Class 1 in section 14.

(3)     A resolution instrument may—

(a)     make provision with respect to rights attaching to securities issued by the bank;

(b)     provide for the listing of securities issued by the bank to be discontinued [or suspended];

[(c)     provide for the listing or admission to trading

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