SCHEDULE 2Amendments to primary and secondary legislation

PART 3Amendments to secondary legislation

Banking Act 2009 (Restriction of Partial Property Transfers) Order 200971

Article 1(3) (interpretation) of the Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009 M1 is amended as follows—

a

omit the definition of “Banking Consolidated Directive”;

b

at the appropriate place insert—

capital requirements directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 relating to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC;

c

in the definition of “excluded rights” for “Banking Consolidation Directive” substitute “ capital requirements directive ” in each place where it appears.