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Changes over time for: Section 89A
Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 31/12/2020.
Changes to legislation:
Banking Act 2009, Section 89A is up to date with all changes known to be in force on or before 18 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
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[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 3 | In subsection (1), in the definition of “normal insolvency proceedings” ignore the reference to the bank insolvency procedure.] |
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 | [References to normal insolvency proceedings do not include a 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.]]
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