Skip to content View accessibility statement

Bank (Recovery and Resolution – Amendment of Law) (Jersey) Regulations 2022

View PDF (527 KB)

Jersey coat of arms

Bank (Recovery and Resolution – Amendment of Law) (Jersey) Regulations 2022

Made                                                                                                19th January 2022

Coming into force                                                                         31st January 2022

THE STATES make these Regulations under Article 172 of the Bank (Recovery and Resolution) (Jersey) Law 2017 –

1        Article 72 (contractual recognition of bail-in) of Bank (Recovery and Resolution) (Jersey) Law 2017 amended

For Article 72(1)(d) of the Bank (Recovery and Resolution) (Jersey) Law 2017 there is substituted –

“(d)    issued or entered into –

(i)      on or after the date, if any, prescribed by the Minister by Order for the purpose of this Article, or

(ii)      before that date, if on or after that date the bank has the ability to amend the contract to include such a contractual term.”.

2        Citation and commencement

These Regulations may be cited as the Bank (Recovery and Resolution – Amendment of Law) (Jersey) Regulations 2022 and come into force on the commencement of the Bank (Recovery and Resolution) (Jersey) Law 2017.


Page Last Updated: 19 Jan 2022