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The Bank Recovery and Resolution (No. 2) Order 2014

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Amendment of the Financial Services (Banking Reform) Act 2013U.K.

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6.  In section 17 of the Financial Services (Banking Reform) Act 2013 M1 (bail-in stabilisation option)—

(a)in subsection (3)(e) for “bail-in administrator” substitute “ resolution administrator ”;

(b)in subsection (5)—

(i)omit the definition of “bail-in administrator”;

(ii)after the definition of “company” insert—

resolution administrator” is to be read in accordance with sections 62B to 62E of the Banking Act 2009..

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