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Banking Act 2009

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Changes over time for: Section 261

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Version Superseded: 29/08/2023

Status:

Point in time view as at 31/12/2020. This version of this provision has been superseded. Help about Status

Changes to legislation:

Banking Act 2009, Section 261 is up to date with all changes known to be in force on or before 14 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

261Index of defined termsU.K.

This section has no associated Explanatory Notes

The Table sets out expressions defined in this Act for general purposes.

ExpressionSection
Action93 and 166
[F1Additional Tier 1 instruments (in Part 1) 3]
[F2Bail-in compensation order 49]
[F3bail in liabilities 3]
Bank (Part 1)2
Bank (Part 2)91
Bank administration136
Bank administration order141
Bank insolvency90
Bank insolvency order94
[F4Bank of England 256B]
[F5Banking group company 81D]
Bridge bank12
Bridge bank reverse share transfer instrument31
Bridge bank share transfer instrument30
[F6Bridge bank supplemental property transfer instrument 44D
Bridge bank supplemental reverse property transfer instrument44E]
[F1the capital requirements regulation (in Part 1) 3]
F7. . . F7. . .
[F8Client assets (Part 1) 3]
[F1Common Equity Tier 1 instruments (in Part 1) 3]
Compensation scheme order49
The court (Part 2)92
The court (Part 3)166
[F1critical functions (in Part 1) 3]
Eligible depositors93
[F1eligible liabilities 3]
Enactment258
[F1extraordinary public financial support (in Part 1) 3]
[F9FCA 3, 93, 166 & 183]
F10. . .F10. . .
[F11FSCS (in Part 1) 3
FSCS (in Part 2)93]
Fair93
Financial assistance257
Financial institution230
Full payment resolution100
Independent valuer54
F12. . .F12. . .
[F13Investment firm 258A]
Liquidation committee100
[F1mandatory reduction instrument 6B]
[F14Normal insolvency proceedings (in Part 1) 3]
Objective 1 Achievement Notice139
Onward bridge bank12
Onward property transfer instrument43
[F6Onward share transfer instrument26ZA]
Onward share transfer order28
[F1own funds (in Part 1) 3
own funds requirements (in Part 1) 3]
Partial property transfer47
[F15Payment system 182]
[F16Payment Systems Regulator 183]
[F17PRA-authorised person 89G]
[F18PRA 3, 93, 166 & 183]
[F19Private sector reverse property transfer instrument 42A]
Property transfer instrument33
Property transfer order45
[F4Prudential Regulation Authority 256B]
[F20recognised central counterparty 89G]
[F1the recovery and resolution directive (in Part 1) 3
relevant capital instruments (in Part 1) 3
[F3relevant internal liabilities 3]
resolution company 29A]
[F3resolution entity 3]
Resolution fund order49
[F3resolution group 3]
[F2Resolution instrument 12A]
Reverse property transfer instrument44
Reverse property transfer order46
F21[F22... reverse share transfer instrument 26A]
Reverse share transfer order29
Securities14
Share transfer instrument15
Share transfer order16
[F2Special bail-in provision 48B]
Special resolution regime1
Special resolution objectives4
Stabilisation options1
Stabilisation powers1
Supplemental property transfer instrument42
Supplemental share transfer instrument or order26 & 27
[F1third-country instrument 89I]
Third party compensation order49 & 59
[F1Tier 2 instruments (in Part 1) 3]
Unable to pay debts93 & 166
F23. . . F23. . .

Textual Amendments

F5Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 100(7), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(c); S.I. 2014/1847, art. 2

F8Words in s. 261 inserted (1.1.2015) by Financial Services Act 2012 (c. 21), ss. 96(6), 122(3) (with Sch. 20); S.I. 2014/3323, art. 2

F10Words in s. 261 omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F12Words in s. 261 omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(a)

F13Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 101(9), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(f); S.I. 2014/1847, art. 2

F15Words in s. 261 inserted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(b)

F19Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(11), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F21Words in s. 261 omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(i)

Commencement Information

I1S. 261 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 16

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