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The Banking Act 2009 (Restriction of Special Bail-in Provision, etc. ) Order 2014
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2.—(1) In this Order—
“the Act” means the Banking Act 2009;
[F1“bail-in liability has the meaning given in section 2(1) of the Banking Act 2009]
“the Bank” means the Bank of England;
“banking institution” means—
F3...
“netting arrangements” has the meaning given in section 48P(2) of the Act;
“relevant banking institution” has the meaning given in article 3(2);
“set-off arrangements” has the meaning given in section 48P(2) of the Act;
“title transfer collateral arrangements” has the meaning given in section 48P(2) of the Act;
“transferable securities” has the meaning given in Article [F42.1(24) of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012], but does not include securities (within the meaning of section 14 of the Act M3) issued by the relevant banking institution.
(2) References to sections of the Act include, as the context requires, those sections [F5as applied with or without modifications by that Act, as that Act has effect on the day on which the Bank Recovery and Resolution [F6(Amendment) (EU Exit) Regulations 2018 come] into force.].
Textual Amendments
F1Words in art. 2(1) inserted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 28(2)(a)
F2Words in art. 2(1) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 39(2)(a)
F3Words in art. 2(1) omitted (28.12.2020) by virtue of The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 28(2)(b)
F4Words in art. 2(1) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 4 para. 7(2)(a)(ii); 2020 c. 1, Sch. 5 para. 1(1)
F5Words in art. 2(2) substituted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 39(2)(b)
F6Words in art. 2(2) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 4 para. 7(2)(b); 2020 c. 1, Sch. 5 para. 1(1)
Marginal Citations
M1Defined in section 2 of the Act.
M2Defined in section 258A of the Act. Section 258A was inserted by the Financial Services Act 2012 (c.21), section 101.
M3Amended by SI 2013/3115.
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