Pt. 1 Ch. 6, 7 inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 103

Words in s. 89K(3)(f) 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. 1 para. 50; 2020 c. 1, Sch. 5 para. 1(1)

Words in s. 89L(2)(c)(i) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 55 (with Sch. 3); S.I. 2017/43, reg. 2(g)

Words in s. 89L(2)(c)(i) inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 25(a)(i)

Words in s. 89L(2)(c)(ii) substituted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 25(a)(ii)

S. 89L(2)(d): s. 89L(2)(c)(iii) renumbered as s. 89L(2)(d) (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 25(b)

http://www.legislation.gov.uk/ukpga/2009/1/part/1/chapter/7/crossheading/1n1Banking Act 2009An Act to make provision about banking.texttext/xmlenStatute Law Database2024-05-20Expert Participation2024-01-30Part 1Special Resolution RegimeChapter 7General provisions
89K.Insolvency Proceedings(1)

If —

(a)

a stabilisation power has been exercised in respect of a relevant firm, or

(b)

the conditions in section 7 are met in relation to a relevant firm,

insolvency proceedings may not be commenced in relation to that firm except by, or with the consent of, the Bank of England.

(2)

For the purposes of subsection (1), the commencement of insolvency proceedings means—

(a)

making an application for an administration order;

(b)

presenting a petition for winding up;

(c)

proposing a resolution for voluntary winding up;

(d)

appointing an administrator.

(3)

In this section—

(a)

“relevant firm” means—

(i)

a bank, building society, investment firm, financial holding company, mixed financial holding company or a mixed activity holding company, or

(ii)

a financial institution which is a subsidiary undertaking of an entity within sub-paragraph (i);

(b)

“building society” has the meaning given in the Building Societies Act 1986;

(c)

“financial holding company” has the meaning given in Article 4.1(2) of the capital requirements regulation;

(d)

“financial institution” has the meaning given in Article 4.1(26) of the capital requirements regulation;

(e)

“mixed activity holding company” has the meaning given in Article 4.1(22) of the capital requirements regulation;

(f)

“mixed financial holding company” has the meaning given in Article 4.1(21) of the capital requirements regulation.

89L.Restrictions on disclosure of confidential information(1)

Sections 348, 349, 352 and 353 of the Financial Services and Markets Act 2000 (disclosure of information) apply for the purposes of this Part with the following modifications.

(2)

Section 348 of that Act has effect as if—

(a)

in subsection (2)(b), after “Act” there were inserted “or of the Bank of England under Part 1 of the Banking Act 2009 or the Bank Recovery and Resolution (No 2) Order 2014”,

(b)

in subsection (3)(a), at the end there were inserted “or the Banking Act 2009”, and

(c)

in subsection (5)—

(i)

after paragraph (c) there were inserted—(ca)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(cb)

a resolution administrator appointed under Part 1 of the Banking Act 2009;

(cc)

a person appointed to make a report under section 83ZB of that Act (reports by skilled persons);

,

(ii)

in paragraph (e) for “to (c)” there were substituted “ to (cc) ”, and

(d)

after subsection (6)(b) there were inserted—(c)

a competent person appointed by the Bank of England under Chapter 4 of Part 1 of the Banking Act 2009.

(3)

Section 349 of that Act has effect as if, in subsection (2)(c), for “or the PRA” substitute “the PRA, the Bank of England or a resolution administrator appointed by virtue of section 62B of the Banking Act 2009”.

(4)

Section 353 of that Act has effect as if in subsection (1)—

(a)

in paragraph (a), after “under this Act” there were inserted “or the Banking Act 2009”, and

(b)

in paragraph (b) after “to the” there were inserted “Bank of England, the”.

89M.Giving of notices, documents etc under Part 1

Regulations under section 414 of the Financial Services and Markets Act 2000 (service of notices), and subsection (4) of that section, apply in relation to any notice, direction or document of any kind required to be given under any provision of this Part (however that requirement is expressed) as if those provisions were provisions of that Act.

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<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-d24a5b6f42961d432f0670ae6dc83586" marker="F1">
<p>
Pt. 1 Ch. 6, 7 inserted (1.1.2015) by
<ref eId="cosge2n23-00329" href="http://www.legislation.gov.uk/id/uksi/2014/3329">The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329)</ref>
,
<ref eId="cosge2n23-00330" class="subref" href="http://www.legislation.gov.uk/id/uksi/2014/3329/article/1/2">arts. 1(2)</ref>
,
<ref eId="cosge2n23-00331" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2014/3329/article/103">103</ref>
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<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-ee3b5181ac781a5ee40f86cf56bc976b" marker="F2">
<p>
Words in
<ref eId="c9bcmqk84-00006" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2009/1/section/89K/3/f">s. 89K(3)(f)</ref>
substituted (31.12.2020) by
<ref eId="c9bcmqk84-00007" href="http://www.legislation.gov.uk/id/uksi/2018/1394">The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394)</ref>
,
<ref eId="c9bcmqk84-00008" class="subref" href="http://www.legislation.gov.uk/id/uksi/2018/1394/regulation/1/2">reg. 1(2)</ref>
,
<ref eId="c9bcmqk84-00009" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2018/1394/schedule/1/paragraph/50">Sch. 1 para. 50</ref>
;
<ref eId="c9bcmqk84-00010" href="http://www.legislation.gov.uk/id/ukpga/2020/1">2020 c. 1</ref>
,
<ref eId="c9bcmqk84-00011" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2020/1/schedule/5/paragraph/1/1">Sch. 5 para. 1(1)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-e60fd1f6a33472a9f75c6503ad258cba" marker="F3">
<p>
Words in
<ref eId="cw28kfn53-00006" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2009/1/section/89L/2/c/i">s. 89L(2)(c)(i)</ref>
omitted (1.3.2017) by virtue of
<ref eId="cw28kfn53-00007" href="http://www.legislation.gov.uk/id/ukpga/2016/14">Bank of England and Financial Services Act 2016 (c. 14)</ref>
,
<ref eId="cw28kfn53-00008" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2016/14/section/41/3">s. 41(3)</ref>
,
<ref eId="cw28kfn53-00009" class="subref operative" href="http://www.legislation.gov.uk/id/ukpga/2016/14/schedule/2/paragraph/55">Sch. 2 para. 55</ref>
(with
<ref eId="cw28kfn53-00010" class="subref" href="http://www.legislation.gov.uk/id/ukpga/2016/14/schedule/3">Sch. 3</ref>
);
<ref eId="cw28kfn53-00011" href="http://www.legislation.gov.uk/id/uksi/2017/43">S.I. 2017/43</ref>
,
<ref eId="cw28kfn53-00012" class="subref" href="http://www.legislation.gov.uk/id/uksi/2017/43/regulation/2/g">reg. 2(g)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-83f2d6726b321f9972a7283b4680c72c" marker="F4">
<p>
Words in s. 89L(2)(c)(i) inserted (16.12.2016) by
<ref eId="cvv4w1tg3-00007" href="http://www.legislation.gov.uk/id/uksi/2016/1239">The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239)</ref>
,
<ref eId="cvv4w1tg3-00008" class="subref" href="http://www.legislation.gov.uk/id/uksi/2016/1239/article/1/2">arts. 1(2)</ref>
,
<ref eId="cvv4w1tg3-00009" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2016/1239/article/25/a/i">25(a)(i)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-bc20cb2998f6f7a7aabef4c63a8847b5" marker="F5">
<p>
Words in s. 89L(2)(c)(ii) substituted (16.12.2016) by
<ref eId="cvv4w1tg3-00016" href="http://www.legislation.gov.uk/id/uksi/2016/1239">The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239)</ref>
,
<ref eId="cvv4w1tg3-00017" class="subref" href="http://www.legislation.gov.uk/id/uksi/2016/1239/article/1/2">arts. 1(2)</ref>
,
<ref eId="cvv4w1tg3-00018" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2016/1239/article/25/a/ii">25(a)(ii)</ref>
</p>
</note>
<note ukl:Name="Commentary" ukl:Type="F" class="commentary F" eId="key-0ccc43b91ed4ba62729f98a603d56e08" marker="F6">
<p>
S. 89L(2)(d): s. 89L(2)(c)(iii) renumbered as s. 89L(2)(d) (16.12.2016) by
<ref eId="cvv4w1tg3-00025" href="http://www.legislation.gov.uk/id/uksi/2016/1239">The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239)</ref>
,
<ref eId="cvv4w1tg3-00026" class="subref" href="http://www.legislation.gov.uk/id/uksi/2016/1239/article/1/2">arts. 1(2)</ref>
,
<ref eId="cvv4w1tg3-00027" class="subref operative" href="http://www.legislation.gov.uk/id/uksi/2016/1239/article/25/b">25(b)</ref>
</p>
</note>
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<dc:title>Banking Act 2009</dc:title>
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<b>Part 1</b>
</num>
<heading>Special Resolution Regime</heading>
<chapter eId="part-1-chapter-7n1">
<num>
<ins class="first" ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
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Chapter 7
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">89K.</ins>
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<heading>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Insolvency Proceedings</ins>
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(1)</ins>
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<intro>
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">If —</ins>
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<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(a)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">a stabilisation power has been exercised in respect of a relevant firm, or</ins>
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<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(b)</ins>
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<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">the conditions in section 7 are met in relation to a relevant firm,</ins>
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">insolvency proceedings may not be commenced in relation to that firm except by, or with the consent of, the Bank of England.</ins>
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<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(2)</ins>
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<intro>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">For the purposes of subsection (1), the commencement of insolvency proceedings means—</ins>
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(a)</ins>
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">making an application for an administration order;</ins>
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<level class="para1" eId="section-89K-2-b">
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(b)</ins>
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">presenting a petition for winding up;</ins>
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<level class="para1" eId="section-89K-2-c">
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(c)</ins>
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<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">proposing a resolution for voluntary winding up;</ins>
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</content>
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<level class="para1" eId="section-89K-2-d">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(d)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">appointing an administrator.</ins>
</p>
</content>
</level>
</subsection>
<subsection eId="section-89K-3">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(3)</ins>
</num>
<intro>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">In this section—</ins>
</p>
</intro>
<level class="para1" eId="section-89K-3-a">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(a)</ins>
</num>
<intro>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">“relevant firm” means—</ins>
</p>
</intro>
<level class="para2" eId="section-89K-3-a-i">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(i)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">a bank, building society, investment firm, financial holding company, mixed financial holding company or a mixed activity holding company, or</ins>
</p>
</content>
</level>
<level class="para2" eId="section-89K-3-a-ii">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(ii)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">a financial institution which is a subsidiary undertaking of an entity within sub-paragraph (i);</ins>
</p>
</content>
</level>
</level>
<level class="para1" eId="section-89K-3-b">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(b)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">“building society” has the meaning given in the Building Societies Act 1986;</ins>
</p>
</content>
</level>
<level class="para1" eId="section-89K-3-c">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(c)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">“financial holding company” has the meaning given in Article 4.1(2) of the capital requirements regulation;</ins>
</p>
</content>
</level>
<level class="para1" eId="section-89K-3-d">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(d)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">“financial institution” has the meaning given in Article 4.1(26) of the capital requirements regulation;</ins>
</p>
</content>
</level>
<level class="para1" eId="section-89K-3-e">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(e)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">“mixed activity holding company” has the meaning given in Article 4.1(22) of the capital requirements regulation;</ins>
</p>
</content>
</level>
<level class="para1" eId="section-89K-3-f">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(f)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">“mixed financial holding company” has the meaning given in Article </ins>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins class="substitution first last" ukl:ChangeId="key-ee3b5181ac781a5ee40f86cf56bc976b-1627570487677" ukl:CommentaryRef="key-ee3b5181ac781a5ee40f86cf56bc976b">
<noteRef uk:name="commentary" href="#key-ee3b5181ac781a5ee40f86cf56bc976b" class="commentary"/>
4.1(21) of the capital requirements regulation.
</ins>
</ins>
</p>
</content>
</level>
</subsection>
</section>
<section eId="section-89L">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">89L.</ins>
</num>
<heading>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Restrictions on disclosure of confidential information</ins>
</heading>
<subsection eId="section-89L-1">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(1)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Sections 348, 349, 352 and 353 of the Financial Services and Markets Act 2000 (disclosure of information) apply for the purposes of this Part with the following modifications.</ins>
</p>
</content>
</subsection>
<subsection eId="section-89L-2">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(2)</ins>
</num>
<intro>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Section 348 of that Act has effect as if—</ins>
</p>
</intro>
<level class="para1" eId="section-89L-2-a">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(a)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">in subsection (2)(b), after “Act” there were inserted “or of the Bank of England under Part 1 of the Banking Act 2009 or the Bank Recovery and Resolution (No 2) Order 2014”,</ins>
</p>
</content>
</level>
<level class="para1" eId="section-89L-2-b">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(b)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">in subsection (3)(a), at the end there were inserted “or the Banking Act 2009”, and</ins>
</p>
</content>
</level>
<level class="para1" eId="section-89L-2-c">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(c)</ins>
</num>
<intro>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">in subsection (5)—</ins>
</p>
</intro>
<level class="para2" eId="section-89L-2-c-i">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(i)</ins>
</num>
<content>
<p>
<mod>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">after paragraph (c) there were inserted—</ins>
<quotedStructure startQuote="" endQuote="" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="double">
<level class="para1">
<num>
<noteRef href="#key-e60fd1f6a33472a9f75c6503ad258cba" uk:name="commentary" ukl:Name="CommentaryRef" class="commentary"/>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(ca)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</ins>
</p>
</content>
</level>
<level class="para1">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(cb)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">a resolution administrator appointed under Part 1 of the Banking Act 2009;</ins>
</p>
</content>
</level>
<level class="para1">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins class="first" ukl:ChangeId="key-83f2d6726b321f9972a7283b4680c72c-1598300096441" ukl:CommentaryRef="key-83f2d6726b321f9972a7283b4680c72c">
<noteRef uk:name="commentary" href="#key-83f2d6726b321f9972a7283b4680c72c" class="commentary"/>
(cc)
</ins>
</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins class="last" ukl:ChangeId="key-83f2d6726b321f9972a7283b4680c72c-1598300096441" ukl:CommentaryRef="key-83f2d6726b321f9972a7283b4680c72c">a person appointed to make a report under section 83ZB of that Act (reports by skilled persons);</ins>
</ins>
</p>
</content>
</level>
</quotedStructure>
<inline name="appendText">
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">,</ins>
</inline>
</mod>
</p>
</content>
</level>
<level class="para2" eId="section-89L-2-c-ii">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(ii)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">in paragraph (e) for “to (c)” there were substituted “ </ins>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins class="substitution first last" ukl:ChangeId="key-bc20cb2998f6f7a7aabef4c63a8847b5-1598300109081" ukl:CommentaryRef="key-bc20cb2998f6f7a7aabef4c63a8847b5">
<noteRef uk:name="commentary" href="#key-bc20cb2998f6f7a7aabef4c63a8847b5" class="commentary"/>
to (cc)
</ins>
</ins>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586"> ”, and</ins>
</p>
</content>
</level>
</level>
<level class="para1" eId="section-89L-4-a">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins class="first" ukl:ChangeId="key-0ccc43b91ed4ba62729f98a603d56e08-1598300096442" ukl:CommentaryRef="key-0ccc43b91ed4ba62729f98a603d56e08">
<noteRef uk:name="commentary" href="#key-0ccc43b91ed4ba62729f98a603d56e08" class="commentary"/>
(d)
</ins>
</ins>
</num>
<content>
<p>
<mod>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins ukl:ChangeId="key-0ccc43b91ed4ba62729f98a603d56e08-1598300096442" ukl:CommentaryRef="key-0ccc43b91ed4ba62729f98a603d56e08">after subsection (6)(b) there were inserted—</ins>
</ins>
<quotedStructure startQuote="" endQuote="" uk:context="unknown" uk:docName="unknown" ukl:TargetClass="unknown" ukl:TargetSubClass="unknown" ukl:Context="unknown" ukl:Format="double">
<level class="para1">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins ukl:ChangeId="key-0ccc43b91ed4ba62729f98a603d56e08-1598300096442" ukl:CommentaryRef="key-0ccc43b91ed4ba62729f98a603d56e08">(c)</ins>
</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">
<ins class="last" ukl:ChangeId="key-0ccc43b91ed4ba62729f98a603d56e08-1598300096442" ukl:CommentaryRef="key-0ccc43b91ed4ba62729f98a603d56e08">a competent person appointed by the Bank of England under Chapter 4 of Part 1 of the Banking Act 2009</ins>
</ins>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">.</ins>
</p>
</content>
</level>
</quotedStructure>
</mod>
</p>
</content>
</level>
</subsection>
<subsection eId="section-89L-3">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(3)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Section 349 of that Act has effect as if, in subsection (2)(c), for “or the PRA” substitute “the PRA, the Bank of England or a resolution administrator appointed by virtue of section 62B of the Banking Act 2009”.</ins>
</p>
</content>
</subsection>
<subsection eId="section-89L-4">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(4)</ins>
</num>
<intro>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Section 353 of that Act has effect as if in subsection (1)—</ins>
</p>
</intro>
<level class="para1" eId="section-89L-4-an1">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(a)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">in paragraph (a), after “under this Act” there were inserted “or the Banking Act 2009”, and</ins>
</p>
</content>
</level>
<level class="para1" eId="section-89L-4-b">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">(b)</ins>
</num>
<content>
<p>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">in paragraph (b) after “to the” there were inserted “Bank of England, the”.</ins>
</p>
</content>
</level>
</subsection>
</section>
<section eId="section-89M">
<num>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">89M.</ins>
</num>
<heading>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Giving of notices, documents </ins>
<abbr title="Et cetera" xml:lang="la">
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">etc</ins>
</abbr>
<ins ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586"> under Part 1</ins>
</heading>
<content>
<p>
<ins class="last" ukl:ChangeId="key-d24a5b6f42961d432f0670ae6dc83586-1582896642453" ukl:CommentaryRef="key-d24a5b6f42961d432f0670ae6dc83586">Regulations under section 414 of the Financial Services and Markets Act 2000 (service of notices), and subsection (4) of that section, apply in relation to any notice, direction or document of any kind required to be given under any provision of this Part (however that requirement is expressed) as if those provisions were provisions of that Act.</ins>
</p>
</content>
</section>
</hcontainer>
</chapter>
</part>
</body>
</act>
</akomaNtoso>