Print Options
PrintThe Whole
Act
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThe Whole
Cross Heading
PrintThis
Section
only
Status:
Point in time view as at 16/12/2016. This version of this provision has been superseded.
Status
You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.
Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.
Changes to legislation:
Banking Act 2009, Section 89A is up to date with all changes known to be in force on or before 26 November 2024. 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.
Changes to Legislation
Changes and effects yet to be applied by the editorial team are only applicable when viewing the latest version or prospective version of legislation. They are therefore not accessible when viewing legislation as at a specific point in time. To view the ‘Changes to Legislation’ information for this provision return to the latest version view using the options provided in the ‘What Version’ box above.
[89AApplication to investment firmsU.K.
This
adran has no associated
Nodiadau Esboniadol
(1)This Part applies to investment firms as it applies to banks, subject to the modifications in [the following Table—
Provision | Modification |
---|
Section 1 | Ignore subsection (2)(b). |
Section 4 | Ignore subsections (2)(b), (6) and (7)(b). |
Section 5 | Ignore subsection (1)(b). |
Section 7 | Ignore subsection (7). |
. . . | . . . |
Section 8ZA | In subsection (5), ignore the reference to the bank insolvency procedure. |
Section 12AA | In subsection (2), in the definition of “normal insolvency proceedings” ignore the reference to the bank insolvency procedure. |
Section 14 | Ignore subsection (5). |
Section 60 | In subsection (3)(c), ignore the reference to bank insolvency. |
Section 60B | In subsection (4), ignore the reference to bank insolvency. |
Section 63 | In subsection (1A), ignore the reference to bank insolvency. |
Section 66 | In subsection (1ZA), ignore the reference to bank insolvency.] |
[(2)In the case of investment firms which are FCA-regulated investment firms, in subsection (1) the reference to this Part is a reference to this Part as it applies to FCA-regulated banks by virtue of section 83A.
(3)In this section—
“FCA-regulated bank” has the meaning given by section 83A(2);
“FCA-regulated investment firm” means an investment firm which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000.]]
Yn ôl i’r brig