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Changes over time for: Section 2
Llinell Amser Newidiadau
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Version Superseded: 31/12/2020
Status:
Point in time view as at 16/12/2016. This version of this provision has been superseded.
Status
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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.
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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—
(b)
a building society (within the meaning of section 119 of the Building Societies Act 1986) ;
(d)
a banking group company;
(e)
[a third-country institution (within the meaning of section 89JA of the Act (resolution of UK branches of third-country institutions)).]
“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 with or without modifications by that Act as that Act has effect on the day on which the Bank Recovery and Resolution Order 2016 comes into force.]
(3) In these Regulations, “relevant compensation order” means—
(a)in relation to Case 1, the bail-in compensation order 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.
Textual Amendments
Marginal Citations
Yn ôl i’r brig