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(1)The Banking Act 2009 is amended as follows.
(2)In section 7A (effect on other group members, financial stability in UK etc)—
(a)in subsection (1), for “(4)(b)(ii)” substitute “(4), (4B)(b),”;
(b)after subsection (1) insert—
“(1A)Subsection (1) does not apply in relation to a requirement under section 3A(4) for a person to maintain (but not issue) a particular kind of bail-in liability.”
(3)In section 83ZD (appointment of person to carry out investigations in particular cases), in subsection (3)(a), for “83ZN” substitute “83ZR”.
(4)In section 89H (recognition of third-country resolution actions), in subsection (7), in the definition of “third-country resolution action”—
(a)in the words before paragraph (a), for “, third country parent undertaking or a bank, building society, credit union or investment firm” substitute “or third-country parent undertaking”;
(b)in paragraph (a), omit “or a bank, building society, credit union or investment firm”.
(5)In section 182 (interpretation: “payment system”)—
(a)in subsection (1), after “arrangements” insert “, or proposed arrangements,”;
(b)in subsection (5), after “operates” insert “, or is intended to operate,”.
(6)In section 244 (immunity), in subsection (2)(c) after “2000,” insert “of its functions under, or as a result of regulations made under, the Financial Services and Markets Act 2023,”.
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