EBU Single Rulebook Q&A 25 October 2016 2016_2966 Section 3(a)(2) guarantees - eligibility for MREL

Can debt securities issued under a Section 3(a)(2) bank note program where the guarantor is a branch of the issuer be deemed to meet the criteria of article 45 of the BRRD in order to be included in the amount of own funds and eligible liabilities? What is a Section 3(a)(2) bank note program?