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Banking Act 2009
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Changes over time for: Section 261
Version Superseded: 28/12/2020
Alternative versions:
- 21/02/2009- Amendment
- 01/04/2013- Amendment
- 05/06/2014- Amendment
- 01/08/2014- Amendment
- 31/12/2014- Amendment
- 01/01/2015- Amendment
- 16/12/2016- Amendment
- 01/03/2017- Amendment
- 27/06/2017- Amendment
- 30/11/2017- Amendment
- 13/03/2018
Point in time - 28/12/2020- Amendment
- 31/12/2020- Amendment
- 29/08/2023- Amendment
- 31/12/2023- Amendment
Status:
Point in time view as at 13/03/2018. This version of this provision has been superseded.
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Changes to legislation:
Banking Act 2009, Section 261 is up to date with all changes known to be in force on or before 01 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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261Index of defined termsU.K.
This
adran has no associated
Nodiadau Esboniadol
The Table sets out expressions defined in this Act for general purposes.
| Expression | Section |
|---|---|
| Action | 93 and 166 |
| [F1Additional Tier 1 instruments (in Part 1)] | [F13] |
| [F2Bail-in compensation order] | [F249] |
| Bank (Part 1) | 2 |
| Bank (Part 2) | 91 |
| Bank administration | 136 |
| Bank administration order | 141 |
| Bank insolvency | 90 |
| Bank insolvency order | 94 |
| [F3Bank of England | 256B] |
| [F4Banking group company] | [F481D] |
| Bridge bank | 12 |
| Bridge bank reverse share transfer instrument | 31 |
| Bridge bank share transfer instrument | 30 |
| [F5Bridge bank supplemental property transfer instrument | 44D |
| Bridge bank supplemental reverse property transfer instrument | 44E] |
| [F1the capital requirements regulation (in Part 1)] | [F13] |
| F6. . . | F6. . . |
| [F7Client assets (Part 1)] | [F73] |
| [F1Common Equity Tier 1 instruments (in Part 1)] | [F13] |
| Compensation scheme order | 49 |
| The court (Part 2) | 92 |
| The court (Part 3) | 166 |
| [F1critical functions (in Part 1)] | [F13] |
| Eligible depositors | 93 |
| [F1eligible liabilities] | [F13] |
| Enactment | 258 |
| [F1extraordinary public financial support (in Part 1)] | [F13] |
| [F8FCA] | [F83, 93, 166 & 183] |
| F9. . . | F9. . . |
| FSCS | 93 |
| Fair | 93 |
| Financial assistance | 257 |
| Financial institution | 230 |
| Full payment resolution | 100 |
| Independent valuer | 54 |
| F10. . . | F10. . . |
| [F11Investment firm] | [F11258A] |
| Liquidation committee | 100 |
| [F1mandatory reduction instrument] | [F16B] |
| Objective 1 Achievement Notice | 139 |
| Onward bridge bank | 12 |
| Onward property transfer instrument | 43 |
| [F5Onward share transfer instrument | 26ZA] |
| Onward share transfer order | 28 |
| [F1own funds (in Part 1)] | [F13] |
| [F1own funds requirements (in Part 1)] | [F13] |
| Partial property transfer | 47 |
| [F12Payment system] | [F12182] |
| [F13Payment Systems Regulator | 183] |
| [F14PRA-authorised person] | [F1489G] |
| [F15PRA] | [F153, 93, 166 & 183] |
| [F16Private sector reverse property transfer instrument] | [F1642A] |
| Property transfer instrument | 33 |
| Property transfer order | 45 |
| [F3Prudential Regulation Authority | 256B] |
| [F17recognised central counterparty] | [F1789G] |
| [F1the recovery and resolution directive (in Part 1)] | [F13] |
| [F1relevant capital instruments (in Part 1)] | [F13] |
| [F1resolution company] | [F129A] |
| Resolution fund order | 49 |
| [F2Resolution instrument] | [F212A] |
| Reverse property transfer instrument | 44 |
| Reverse property transfer order | 46 |
| F18[F19... reverse share transfer instrument | 26A] |
| Reverse share transfer order | 29 |
| Securities | 14 |
| Share transfer instrument | 15 |
| Share transfer order | 16 |
| [F2Special bail-in provision] | [F248B] |
| Special resolution regime | 1 |
| Special resolution objectives | 4 |
| Stabilisation options | 1 |
| Stabilisation powers | 1 |
| Supplemental property transfer instrument | 42 |
| Supplemental share transfer instrument or order | 26 & 27 |
| [F1third-country instrument] | [F189I] |
| Third party compensation order | 49 & 59 |
| [F1Tier 2 instruments (in Part 1)] | [F13] |
| Unable to pay debts | 93 & 166 |
| F20. . . | F20. . . |
Textual Amendments
F1Words in s. 261 inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 111
F2Words in s. 261 inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 32; S.I. 2014/3160, art. 2(1)(b)
F3Words in s. 261 inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 63 (with Sch. 3); S.I. 2017/43, reg. 2(g)
F4Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 100(7), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(c); S.I. 2014/1847, art. 2
F5Words in s. 261 inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(a)
F6Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(a) (with regs. 52-58)
F7Words in s. 261 inserted (1.1.2015) by Financial Services Act 2012 (c. 21), ss. 96(6), 122(3) (with Sch. 20); S.I. 2014/3323, art. 2
F8Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F9Words in s. 261 omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F10Words in s. 261 omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(a)
F11Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 101(9), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(f); S.I. 2014/1847, art. 2
F12Words in s. 261 inserted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(b)
F13Words in s. 261 inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(29)
F14Words in s. 261 inserted (1.8.2014) by Financial Services Act 2012 (c. 21), ss. 102(8)(b), 122(3) (with Sch. 20); S.I. 2014/1847, art. 2
F15Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F16Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(11), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F17Words in s. 261 inserted (1.4.2013) by The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(b) (with regs. 52-58)
F18Words in s. 261 omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(i)
F19Words in s. 261 moved (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(ii)
F20Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(c) (with regs. 52-58)
Commencement Information
I1S. 261 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 16
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