http://www.legislation.gov.uk/uksi/2014/3330/regulation/4/2016-12-16The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014texttext/xmlenStatute Law DatabaseBANKS AND BANKING2024-04-10Expert Participation2016-12-16 These Regulations are made under the Banking Act 2009 (c. 1) (“the Act”), as amended by the Financial Services (Banking Reform) Act 2013 (c. 33) (which introduced a new stabilisation power, the power to make special bail-in provision). They also implement, in part, Directive 2014/59/EU of the European Parliament and of the Council of 15th May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms (OJ L173, 12.6.2014, p.190) (“the recovery and resolution directive”). Resolution fund order to include third party compensation order4In Case 2, Case 3 or Case 4, where a compensation scheme order or resolution fund order is required to be made in relation to—athe property transfer instrument, orbthe third country instrument making provision which could be made in a property transfer instrument,that order must include a third party compensation order .Defined in section 49(4) of the Act.
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<Title>Resolution fund order to include third party compensation order</Title>
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<Text>In Case 2, Case 3 or Case 4, where a compensation scheme order or resolution fund order is required to be made in relation to—</Text>
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that order must include a third party compensation order
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