The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014

The Treasury are designatedM1 for the purposes of section 2(2) of the European Communities Act 1972M2 in relation to financial services.

The Treasury, in exercise of the powers conferred by sections 60A(1) to (4) and 259(1) of the Banking Act 2009M3 and section 2(2) of the European Communities Act 1972, make the following Regulations.

A draft of this Order has been laid before and approved by a resolution of each House of Parliament in accordance with section 60A(5) of the Banking Act 2009, and paragraph 2(2) of Schedule 2 to the European Communities Act 1972.