2014 No. 1832
The Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014
Made
Coming into force
The Treasury make the following Order in exercise of the powers conferred by section 258A(2)(b) of the Banking Act 20091.
A draft of this Order has been laid before and approved by resolution of each House of Parliament in accordance with section 258A(3) of that Act.
Citation and commencementI11
This Order may be cited as the Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014, and comes into force on 1st August 2014.
Description of institution not included within the meaning of “investment firm”I22
1
An institution of a description given in Article 29 of the Capital Requirements Directive (initial capital of particular types of investment firms) is specified for the purpose of section 258A(2)(b) of the Banking Act 2009.
2
In paragraph (1) “Capital Requirements Directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26th June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC2.
(This note is not part of the Order)