Chwilio Deddfwriaeth

The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014

 Help about what version

Pa Fersiwn

 Help about advanced features

Nodweddion Uwch

 Help about opening options

Dewisiadau AgorExpand opening options

Changes over time for: Section 2

 Help about opening options

Version Superseded: 16/12/2016

Alternative versions:

Status:

Point in time view as at 01/01/2015. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014, Section 2. Help about Changes to Legislation

InterpretationU.K.

This adran has no associated Memorandwm Esboniadol

2.—(1) In these Regulations—

the Act” means the Banking Act 2009;

the Bank” means the Bank of England;

banking institution” means—

(a)

a bank M1;

(b)

a building society (within the meaning of section 119 of the Building Societies Act 1986) M2;

(c)

an investment firm M3);

(d)

a banking group company;

“Case 1”, “Case 2”, “Case 3” and “Case 4” have the meanings given in regulation 3;

initial instrument” has the meaning given in regulation 6(6);

relevant banking institution” has the meaning given in regulation 6(6);

relevant persons” has the meaning given in regulation 5(2);

(2) References to sections of the Act include, as the context requires, those sections as applied by section 89A of the Act M4 (application to investment firms).

(3) In these Regulations, “relevant compensation order” means—

(a)in relation to Case 1, the bail-in compensation order M5 required to be made in relation to the resolution instrument;

(b)in relation to Case 2, Case 3 or Case 4, the third party compensation order required to be included in the compensation scheme order or the resolution fund order by regulation 4.

Marginal Citations

M1Defined in section 2 of the Banking Act 2009.

M3Defined in section 258A of the Act. Section 258A was inserted by the Financial Services Act 2012 (c. 21), section 101(1), (7).

M4Section 89A was inserted by the Financial Services Act 2012, section 101(1), (5).

M5Defined in section 49(2A) of the Act (subsection (2A) was inserted by the Financial Services (Banking Reform) Act 2013 (c.33), Schedule 2, paragraph 6.

Yn ôl i’r brig

Options/Help