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There are currently no known outstanding effects for the The Bank Recovery and Resolution ( No. 2) Order 2014.
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PART 2 Designation of authorities and competent ministryPrevious MatchNext Match
4.Designation of the Bank as resolution authorityPrevious MatchNext Match
5.Designation for the purposes of Article 59 of the recovery and resolution directivePrevious MatchNext Match
6.Designation of the Treasury as the ministry responsible for exercising the functions of the competent ministryPrevious MatchNext Match
PART 3 Recovery and resolution planningPrevious MatchNext Match
PART 4 Recovery plansPrevious MatchNext Match
CHAPTER 1 Assessment of recovery plan drawn up by an institutionPrevious MatchNext Match
CHAPTER 2 Assessment of group recovery plan where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
16.Application and interpretation of Chapter 2Previous MatchNext Match
17.Duty to transmit a copy of group recovery planPrevious MatchNext Match
18.Assessment of group recovery planPrevious MatchNext Match
23.Business changes and relevant measuresPrevious MatchNext Match
24.Recovery plan for group institutionPrevious MatchNext Match
CHAPTER 3 Assessment of group recovery plan where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
CHAPTER 4 Review of recovery plans and group recovery plansPrevious MatchNext Match
PART 5 Resolution plansPrevious MatchNext Match
CHAPTER 1 Resolution plans for institutionsPrevious MatchNext Match
CHAPTER 2 Group resolution plan where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
40.The Bank's duty to draw up group resolution plansPrevious MatchNext Match
41.Information to be transmitted for the purpose of drawing up group resolution plansPrevious MatchNext Match
42.Joint decision on adoption of group resolution planPrevious MatchNext Match
45.Duty to transmit a copy of the group resolution planPrevious MatchNext Match
CHAPTER 3 Group resolution plan where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
46.Application and interpretation of Chapter 3Previous MatchNext Match
47.Joint decision on adoption of group resolution planPrevious MatchNext Match
48.Failure to reach joint decision: disagreement by the Bank with a joint proposalPrevious MatchNext Match
49.Failure to reach joint decision: agreement by the Bank with a joint proposalPrevious MatchNext Match
CHAPTER 4 Review of resolution plans and group resolution plansPrevious MatchNext Match
CHAPTER 5 Information and records for resolution planningPrevious MatchNext Match
PART 6 Assessment of resolvability and removal of impediments to resolvabilityPrevious MatchNext Match
CHAPTER 1 Assessment of resolvability of institutionsPrevious MatchNext Match
CHAPTER 2 Assessment of resolvability of groupsPrevious MatchNext Match
61.Application and interpretation of Chapter 2Previous MatchNext Match
62.Assessment of group resolvability where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
63.Assessment of group resolvability where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
CHAPTER 3 Removal of impediments to resolvability of institutionsPrevious MatchNext Match
CHAPTER 4 Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
68.Application and interpretation of Chapter 4Previous MatchNext Match
69.Report on substantive impediments to the resolvability of group entitiesPrevious MatchNext Match
70.Suspension of requirement to draw up or review group resolution planPrevious MatchNext Match
72.Joint decision on impediments to group resolvability and remedial measuresPrevious MatchNext Match
CHAPTER 5 Removal of impediments to resolvability of groups where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
75.Application and interpretation of Chapter 5Previous MatchNext Match
75A.Report on substantive impediments to the resolvability of group entitiesPrevious MatchNext Match
76.Suspension of requirement to draw up or review group resolution planPrevious MatchNext Match
78.Joint decision on impediments to group resolvability and remedial measuresPrevious MatchNext Match
79.Failure to reach joint decision: disagreement by the Bank with joint proposalsPrevious MatchNext Match
80.Failure to reach joint decision: agreement by the Bank with joint proposalsPrevious MatchNext Match
PART 7 Intra-group financial supportPrevious MatchNext Match
CHAPTER 1 Authorisation of agreement for group financial support where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
83.Application and interpretation of Chapter 1Previous MatchNext Match
84.Review of group financial support agreement and decision on authorisationPrevious MatchNext Match
85.Duty to transmit a copy of applicationPrevious MatchNext Match
86.Joint decision with other competent authoritiesPrevious MatchNext Match
89.Duty to transmit a copy of authorised agreementPrevious MatchNext Match
90.Amendment of authorised agreementPrevious MatchNext Match
CHAPTER 2 Authorisation of agreement for group financial support where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
91.Application and interpretation of Chapter 2Previous MatchNext Match
92.Review of group financial support agreement and decision on authorisationPrevious MatchNext Match
93.Joint decision with other competent authoritiesPrevious MatchNext Match
96.Amendment of authorised agreementPrevious MatchNext Match
CHAPTER 3 Approval of authorised agreements by the members of a UK group entityPrevious MatchNext Match
CHAPTER 4 Provision of group financial supportPrevious MatchNext Match
102.Relevant notice from UK group entity: decision by the PRA or FCAPrevious MatchNext Match
103.Duties of consolidating supervisor where financial support agreed, prohibited or restrictedPrevious MatchNext Match
104.Re-assessment of recovery plans by the PRA or FCA where it is not the consolidating supervisorPrevious MatchNext Match
105.Requesting the assistance of EBAPrevious MatchNext Match
PART 8 Early interventionPrevious MatchNext Match
CHAPTER 1 Early intervention with respect to an institutionPrevious MatchNext Match
CHAPTER 2 Early intervention with respect to groups where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
110.Application and interpretation of Chapter 2Previous MatchNext Match
111.Procedure for early intervention in respect of a UK group entityPrevious MatchNext Match
112.Procedure for early intervention in respect of a non-UK group entityPrevious MatchNext Match
113.Joint decisions about early interventionPrevious MatchNext Match
115.Requesting the assistance of EBAPrevious MatchNext Match
CHAPTER 3 Early intervention with respect to groups where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
PART 9 Minimum requirement for own funds and eligible liabilitiesPrevious MatchNext Match
CHAPTER 1 Determination of minimum requirement for an institutionPrevious MatchNext Match
CHAPTER 2 Determination of minimum consolidated requirement where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
125.Application and interpretation of Chapter 2Previous MatchNext Match
126.Determination of minimum consolidated requirementPrevious MatchNext Match
128.References to EBA: determination of minimum consolidated requirementPrevious MatchNext Match
129.Review of minimum consolidated requirementPrevious MatchNext Match
CHAPTER 3 Determination of minimum consolidated requirement where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
CHAPTER 4 Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
133.Application and interpretation of Chapter 4Previous MatchNext Match
134.Duties of the Bank in relation to minimum requirementPrevious MatchNext Match
135.Determination of minimum requirementPrevious MatchNext Match
136.Joint determination of minimum requirementsPrevious MatchNext Match
137.References to EBA: determination of minimum requirementPrevious MatchNext Match
139.Minimum requirement for other group entities set up in the United KingdomPrevious MatchNext Match
CHAPTER 5 Determination of minimum requirements for group institutions where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
140.Application and interpretation of Chapter 5Previous MatchNext Match
141.Duties of the Bank in relation to minimum requirementPrevious MatchNext Match
142.Determination of minimum requirementPrevious MatchNext Match
143.Joint determination of minimum requirementsPrevious MatchNext Match
144.References to EBA: determination of minimum requirementPrevious MatchNext Match
146.Minimum requirement for other group entities set up in the United KingdomPrevious MatchNext Match
CHAPTER 6 Minimum requirement for own funds and eligible liabilities: other provisionsPrevious MatchNext Match
PART 10 Requirement to write down or convert capital instrumentsPrevious MatchNext Match
149.Application and interpretation of PartPrevious MatchNext Match
150.Determinations under section 6A and 81AA of the Banking Act 2009: preliminary steps for UK group entitiesPrevious MatchNext Match
151.Regulator to take alternative measuresPrevious MatchNext Match
152.Determination that Case 2, 3, 4 or 5 is satisfiedPrevious MatchNext Match
153.Joint determination under Article 59(3)(c) of the recovery and resolution directive in relation to a non-UK group entityPrevious MatchNext Match
PART 11 Removal of procedural impediments to application of bail-in toolPrevious MatchNext Match
PART 11A Contractual recognition of bail-inPrevious MatchNext Match
PART 12 Treatment of derivative contracts where bail-in option is appliedPrevious MatchNext Match
PART 13 Preparation of business reorganisation plans after application of bail-in toolPrevious MatchNext Match
CHAPTER 1 Assessment of business reorganisation plan drawn up by an institutionPrevious MatchNext Match
CHAPTER 2 Assessment of business reorganisation plan drawn up by a single group entityPrevious MatchNext Match
CHAPTER 3 Assessment of business reorganisation plan drawn up for relevant group where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
165.Application and interpretation of Chapter 3Previous MatchNext Match
166.Duty to transmit a copy of business reorganisation planPrevious MatchNext Match
167.Assessment of business reorganisation planPrevious MatchNext Match
169.Assessment of plan where every group entity is set up in the United KingdomPrevious MatchNext Match
172.Assessment of business reorganisation plans drawn up on an individual basisPrevious MatchNext Match
174.Requesting the assistance of EBAPrevious MatchNext Match
CHAPTER 4 Assessment of business reorganisation plan drawn up for relevant group where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
PART 14 Procedural obligations where an undertaking is failing or likely to failPrevious MatchNext Match
182.Matters to be notified by the regulator to the BankPrevious MatchNext Match
183.Notification that an undertaking is failing or likely to failPrevious MatchNext Match
184.Duty to send copy of share transfer instrument etc to members and creditors of institutionPrevious MatchNext Match
184A.Notifications under articles 182, 183 and 184Previous MatchNext Match
PART 15 Applications to the court in relation to resolution actionPrevious MatchNext Match
PART 16 Cross-border group resolutionPrevious MatchNext Match
CHAPTER 3 European resolution collegesPrevious MatchNext Match
CHAPTER 4 Group resolution involving a group subsidiary where the PRA or FCA is the consolidating supervisorPrevious MatchNext Match
CHAPTER 5 Group resolution involving a group subsidiary where neither the PRA nor the FCA is the consolidating supervisorPrevious MatchNext Match
204.Bank decision that group subsidiary meets the conditions for resolutionPrevious MatchNext Match
205.Joint decision on adoption of group resolution schemePrevious MatchNext Match
206.Failure to reach joint decision: disagreement by the Bank with joint proposalsPrevious MatchNext Match
207.Requesting the assistance of EBAPrevious MatchNext Match
CHAPTER 6 Group resolution where EEA parent undertaking is set up in the United KingdomPrevious MatchNext Match
208.Application and interpretation of Chapter 6Previous MatchNext Match
209.Bank decision that EEA parent undertaking meets the conditions for resolutionPrevious MatchNext Match
210.Joint decision on adoption of group resolution schemePrevious MatchNext Match
211.Requesting the assistance of EBAPrevious MatchNext Match
CHAPTER 7 Group resolution where EEA parent undertaking is set up in another EEA StatePrevious MatchNext Match
PART 17 Modified application of company law to banks etc in resolutionPrevious MatchNext Match
218.Modified application of legislation on cross-border mergersPrevious MatchNext Match
219.Modified application of the Companies Act 2006 (disapplication of Takeover Rules)Previous MatchNext Match
220.Modified application of the Companies Act 2006 (disapplication of other requirements)Previous MatchNext Match
220A.Modified application of the Companies Act 2006 (shareholders’ rights)Previous MatchNext Match
PART 18 Treasury support for investment firmsPrevious MatchNext Match
SCHEDULE A1Previous MatchNext Match
Information to be contained in a recovery plan or group recovery planPrevious MatchNext Match
1.In this Schedule— (a) “ entity ” means, in relation...Previous MatchNext Match
2.A plan must include— (a) a summary of its key...Previous MatchNext Match
3.The plan must provide for measures to be taken by...Previous MatchNext Match
4.In drawing up the plan the entity must not assume...Previous MatchNext Match
5.The plan must include, where applicable, an analysis of the...Previous MatchNext Match
6.The analysis must identify the assets of the entity which...Previous MatchNext Match
7.The plan must include possible measures which could be taken...Previous MatchNext Match
8.The plan must include appropriate conditions and procedures to ensure...Previous MatchNext Match
9.The plan must contemplate a range of scenarios of severe...Previous MatchNext Match
10.The plan must provide evidence that the management body of...Previous MatchNext Match
11.The plan must include an appropriate framework of indicators established...Previous MatchNext Match
12.The indicators may be of a qualitative or quantitative nature...Previous MatchNext Match
13.The plan must provide details of appropriate arrangements which the...Previous MatchNext Match
14.An entity may— (a) take action under its plan where...Previous MatchNext Match
15.The entity must without delay notify the appropriate regulator of...Previous MatchNext Match
SCHEDULE 1Previous MatchNext Match
Information to be contained in a resolution planPrevious MatchNext Match
SCHEDULE 2Previous MatchNext Match
Information to be contained in a group resolution planPrevious MatchNext Match
SCHEDULE 2APrevious MatchNext Match
Additional information which may be required for the purposes of a resolution plan or group resolution planPrevious MatchNext Match
SCHEDULE 2BPrevious MatchNext Match
Matters that the Bank is to consider when assessing resolvabilityPrevious MatchNext Match
SCHEDULE 3Previous MatchNext Match
AmendmentsPrevious MatchNext Match
PART 2 Amendments of other primary legislationPrevious MatchNext Match
PART 3 Amendments of secondary legislationPrevious MatchNext Match
7.Financial Markets and Insolvency (Settlement Finality) Regulations 1999Previous MatchNext Match
8.Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001Previous MatchNext Match
9.Financial Collateral Arrangements (No 2) Regulations 2003Previous MatchNext Match
10.Credit Institutions (Reorganisation and Winding up) Regulations 2004Previous MatchNext Match
11.Financial Services and Markets Act 2000 (Prescribed Financial Institutions) Order 2013Previous MatchNext Match
12.Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013Previous MatchNext Match
13.Capital Requirements Regulations 2013Previous MatchNext Match
SCHEDULE 4Previous MatchNext Match
Modified application of the Companies Act 2006 to banks etc in resolutionPrevious MatchNext Match
PART 1 Provisions concerning the exercise of certain rights of shareholders in listed companiesPrevious MatchNext Match
1.In relation to a company under resolution, this Part modifies...Previous MatchNext Match
2.Section 145 (effect of provisions of articles as to enjoyment...Previous MatchNext Match
3.Section 153 (exercise of rights where shares held on behalf...Previous MatchNext Match
4.Section 282 (ordinary resolutions) has effect as if, in subsection...Previous MatchNext Match
5.Section 283 (special resolutions) has effect as if, in subsection...Previous MatchNext Match
6.Section 284 (votes: general rules) has effect as if, in...Previous MatchNext Match
7.Section 303 (members' power to require directors to call general...Previous MatchNext Match
8.Section 307 (notice required of general meeting) has effect as...Previous MatchNext Match
9.Part 13 (resolutions and meetings) has effect as if section...Previous MatchNext Match
10.Section 311 (contents of notices of meetings) has effect as...Previous MatchNext Match
11.Part 13 has effect as if the following sections were...Previous MatchNext Match
12.Section 327 (notice required of appointment of proxy etc) has...Previous MatchNext Match
13.Section 330 (notice required of termination of proxy's authority) has...Previous MatchNext Match
14.Part 13 has effect as if section 333A (traded company:...Previous MatchNext Match
15.Section 334 (application to class meetings) has effect as if—...Previous MatchNext Match
16.Section 336 (public companies and traded companies: annual general meeting)...Previous MatchNext Match
17.Section 337 (public companies and traded companies: notice of AGM)...Previous MatchNext Match
18.Part 13 has effect as if the following sections were...Previous MatchNext Match
19.Section 341 (results of poll to be made available on...Previous MatchNext Match
20.Section 352 (application of provisions to class meetings) has effect...Previous MatchNext Match
21.Section 360 (computation of periods of notice etc: clear day...Previous MatchNext Match
22.Section 360A (electronic meetings and voting) has effect as if...Previous MatchNext Match
23.Part 13 has effect as if the following sections were...Previous MatchNext Match
PART 2 Provisions concerning mergers and divisions of public limited liability companiesPrevious MatchNext Match
PART 3 Provisions concerning the maintenance and alteration of a company's share capitalPrevious MatchNext Match
25.In relation to a company under resolution, this Part modifies...Previous MatchNext Match
26.Section 550 (power of directors to allot shares etc: private...Previous MatchNext Match
27.Section 551 (power of directors to allot shares etc: authorisation...Previous MatchNext Match
28.Part 17 (a company's share capital) has effect as if...Previous MatchNext Match
29.Section 569 (disapplication of pre-emption rights: private company with only...Previous MatchNext Match
30.Section 570 (disapplication of pre-emption rights: directors acting under general...Previous MatchNext Match
31.Section 571 (disapplication of pre-emption rights by special resolution) has...Previous MatchNext Match
32.Section 586 (public companies: shares must be at least one-quarter...Previous MatchNext Match
33.Section 593 (public company: valuation of non-cash consideration for shares)...Previous MatchNext Match
34.Section 617 (alteration of share capital of limited company) has...Previous MatchNext Match
35.Section 618 (sub-division or consolidation of shares) has effect— Previous MatchNext Match
36.Section 656 (public companies: duty of directors to call meeting...Previous MatchNext Match
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