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Financial Services Act 2012
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- UK Public General Acts
- 2012 c. 21
- PART 4
- Section 67
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Financial Services Act 2012, Section 67 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.
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67Interpretation of Part 4U.K.
This section has no associated Explanatory Notes
(1)This section has effect for the interpretation of this Part.
(2)“Public funds notification” is to be read in accordance with section 58(2).
(3)“Financial assistance” includes giving guarantees or indemnities and any other kind of financial assistance (actual or contingent).
(4)The Treasury may by order provide that a specified activity or transaction, or class of activity or transaction, is to be or not to be treated as financial assistance for the purposes of this Part; and subsection (3) is subject to this subsection.
(5)“Qualifying financial assistance” is to be read in accordance with section 60(5).
[F1(6)Group entity” has the same meaning as in the Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348).
(7)“Group resolution plan” means a group resolution plan drawn up by the Bank under Part 5 of that Order.
(8)“Resolution plan” means a resolution plan drawn up by the Bank under Part 5 of that Order.
(9)“Stabilisation power” has the same meaning as in section 1(4) of the Banking Act 2009.]
Textual Amendments
F1S. 67(6)-(9) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 36(4), 41(3); S.I. 2016/627, reg. 2(1)(aa)
Commencement Information
I1S. 67 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1
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