SCHEDULES

SCHEDULE 2Minor and consequential amendments

Part 1Amendments of Financial Services and Markets Act 2000

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1

Section 224A (functions under the Banking Act 2009) is amended as follows.

2

The existing provision becomes subsection (1) of that section.

3

After that subsection insert—

2

Any payment required to be made by the scheme manager by virtue of section 61 of that Act (special resolution regime: compensation) is to be treated for the purposes of this Part as an expense under the compensation scheme.