C1C2Part 1Special Resolution Regime
Pt. 1: power to amend conferred (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 17(3)(f), 148(5); S.I. 2014/377, art. 2(1)(b), Sch. Pt. 2
F1Chapter 3 Special resolution action
Pt. 1 Ch. 3 formed from ss. 4-83 (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 7
Exercise of powers: general
I2I110Banking Liaison Panel
1
The Treasury shall make arrangements for a panel to advise the Treasury about the effect of the special resolution regime on—
a
banks,
b
persons with whom banks do business, and
c
the financial markets.
2
In particular, the panel may advise the Treasury about—
a
the exercise of powers to make statutory instruments under or by virtue of this Part, Part 2 or Part 3 (excluding the stabilisation powers, compensation scheme orders, resolution fund orders, third party compensation orders and orders under section 75(2)(b) and (c)),
b
the code of practice under section 5, and
c
anything else referred to the panel by the Treasury.
3
The Treasury shall ensure that the panel includes—
a
a member appointed by the Treasury,
b
a member appointed by the Bank of England,
F2c
a member appointed by the PRA,
ca
a member appointed by the FCA,
d
a member appointed by the scheme manager of the Financial Services Compensation Scheme,
e
one or more persons who in the Treasury's opinion represent the interests of banks,
f
one or more persons who in the Treasury's opinion have expertise in law relating to the financial systems of the United Kingdom, and
g
one or more persons who in the Treasury's opinion have expertise in insolvency law and practice.
Pt. 1 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2