Sch. 2 para. 9 in force at 31.12.2014 by S.I. 2014/3160, art. 2(1)(b)

http://www.legislation.gov.uk/ukpga/2013/33/schedule/2/part/1/crossheading/recognised-central-counterparties/2018-07-13Financial Services (Banking Reform) Act 2013An Act to make further provision about banking and other financial services, including provision about the Financial Services Compensation Scheme; to make provision for the amounts owed in respect of certain deposits to be treated as a preferential debt on insolvency; to make further provision about payment systems and securities settlement systems; to make provision about the accounts of the Bank of England and its wholly owned subsidiaries; to make provision in relation to persons providing claims management services; and for connected purposes.texttext/xmlenStatute Law Database2024-09-06Expert Participation2018-07-13SCHEDULESSCHEDULE 2Bail-in stabilisation optionPART 1Amendments of Banking Act 2009Recognised central counterparties9

In section 89B (application of Part 1 of the Act to recognised central counterparties)—

a

in subsection (1), before paragraph (a) insert—

za

subsection (1A),

;

b

after subsection (1) insert—

1A

The provisions relating to the third stabilisation option (bail-in) are to be disregarded in the application of this Part to recognised central counterparties.

;

c

in subsection (2), in the substituted section 13(1), for “ third ” substitute “fourth”.

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<content>
<p>after subsection (1) insert—</p>
<p class="BlockAmendment">
<mod>
<quotedStructure class="primary unknown main default" startQuote="" endQuote="">
<subsection eId="d4e186">
<num>1A</num>
<content>
<p>The provisions relating to the third stabilisation option (bail-in) are to be disregarded in the application of this Part to recognised central counterparties.</p>
</content>
</subsection>
</quotedStructure>
</mod>
<inline name="AppendText">;</inline>
</p>
</content>
</paragraph>
<paragraph eId="schedule-2-paragraph-9-c">
<num>c</num>
<content>
<p>
in subsection (2), in the substituted section 13(1), for
<mod>
<quotedText>“ third ”</quotedText>
</mod>
substitute “fourth”.
</p>
</content>
</paragraph>
</paragraph>
</hcontainer>
</part>
</hcontainer>
</hcontainer>
</portionBody>
</portion>
</akomaNtoso>