C1C4C2C3Part 2Bank Insolvency
Pt. 2 modified (29.3.2009) by Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), Sch. 1 para. 1 (as amended (7.4.2010) by Building Societies (Insolvency and Special Administration) (Amendment) Order 2010 (S.I. 2010/1189), arts. 1(2), 2 and amended (7.4.2017) by The Deregulation Act 2015, the Small Business, Enterprise and Employment Act 2015 and the Insolvency (Amendment) Act (Northern Ireland) 2016 (Consequential Amendments and Transitional Provisions) Regulations 2017 (S.I. 2017/400), regs. 1(2), 8)
Pt. 2 restricted (7.1.2010) by Banking Act 2009 (Exclusion of Insurers) Order 2010 (S.I. 2010/35), arts. 1, 2
Pt. 2 applied (with modifications) (8.2.2011) by The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245), reg. 1, Sch. 1 paras. 6, 7
Miscellaneous
129AF1Banks not regulated by PRA
1
In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply.
2
In this section—
“FCA-regulated bank” means a bank which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000;
“immediate group” has the meaning given by section 421ZA of the Financial Services and Markets Act 2000;
“PRA-authorised person” has the meaning given by section 2B(5) of that Act.
Provision | Modification |
---|---|
Section 95 | Treat the reference to the PRA in subsection (1) as a reference to the FCA. |
Section 96 |
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Section 97 | Treat the reference to the PRA in subsection (1) as a reference to the FCA. |
Section 98 | Treat the references to the PRA in subsection (2) as references to the FCA. |
Section 100 |
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Section 101 | Ignore the reference to the PRA in subsection (7). |
Section 103 | In the Table, in the entries relating to sections 147 and 241 of the Insolvency Act 1986, treat the reference to the PRA as a reference to the FCA. |
Section 108 | |
Section 109 | Ignore the reference to the PRA in subsection (4). |
Section 113 | Ignore subsection (2)(b)(i). |
Section 115 | Ignore subsection (2)(b)(i). |
Section 117 |
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Section 120 |
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Pt. 2 applied (with modifications) by 1986 c. 53, s. 90C (as inserted (29.3.2009) by Building Societies (Insolvency and Special Administration) Order 2009 (S.I. 2009/805), art. 2)