Search Legislation

The Bank Recovery and Resolution Order 2016

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 17

 Help about opening options

Alternative versions:

Changes to legislation:

There are currently no known outstanding effects for the The Bank Recovery and Resolution Order 2016, Section 17. Help about Changes to Legislation

Independent valuationU.K.

This section has no associated Explanatory Memorandum

17.—(1) Section 62A (independent valuer: valuation under section 6E or 48X) M1 is amended as follows.

(2) After subsection (1) insert—

(1A) The Bank may require the bank to which the valuation relates to reimburse the Bank for costs it incurs in relation to the independent valuer (including remuneration and allowances paid to the valuer and the valuer's staff)..

(3) In subsection (6)—

(a)for “Sections” substitute “ Section ”;

(b)omit “, and 56”.

Marginal Citations

M1Section 62A was inserted by S.I. 2014/3329.

Back to top

Options/Help