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- Point in Time (21/12/2018)
- Original (As made)
There are currently no known outstanding effects for the The Bank Recovery and Resolution (No. 2) Order 2014.
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CHAPTER 2 Group resolution plan where the PRA or FCA is the consolidating supervisor
CHAPTER 3 Group resolution plan where neither the PRA nor the FCA is the consolidating supervisor
CHAPTER 4 Review of resolution plans and group resolution plans
PART 6 Assessment of resolvability and removal of impediments to resolvability
CHAPTER 3 Removal of impediments to resolvability of institutions
76.Suspension of requirement to draw up or review group resolution plan
78.Joint decision on impediments to group resolvability and remedial measures
79.Failure to reach joint decision: disagreement by the Bank with joint proposals
80.Failure to reach joint decision: agreement by the Bank with joint proposals
PART 7 Intra-group financial support
CHAPTER 3 Approval of authorised agreements by the members of a UK group entity
PART 9 Minimum requirement for own funds and eligible liabilities
CHAPTER 1 Determination of minimum requirement for an institution
CHAPTER 6 Minimum requirement for own funds and eligible liabilities: other provisions
PART 10 Requirement to write down or convert capital instruments
PART 11 Removal of procedural impediments to application of bail-in tool
PART 12 Treatment of derivative contracts where bail-in option is applied
PART 13 Preparation of business reorganisation plans after application of bail-in tool
CHAPTER 1 Assessment of business reorganisation plan drawn up by an institution
CHAPTER 2 Assessment of business reorganisation plan drawn up by a single group entity
PART 14 Procedural obligations where an undertaking is failing or likely to fail
PART 15 Applications to the court in relation to resolution action
PART 17 Modified application of company law to banks etc in resolution
218.Modified application of legislation on cross-border mergers
219.Modified application of the Companies Act 2006 (disapplication of Article 5.1 of the Takeovers Directive)
220.Modified application of the Companies Act 2006 (disapplication of other directives)
220A.Modified application of the Companies Act 2006 (shareholders’ rights)
PART 3 Amendments of secondary legislation
7.Financial Markets and Insolvency (Settlement Finality) Regulations 1999
8.Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001
10.Credit Institutions (Reorganisation and Winding up) Regulations 2004
11.Financial Services and Markets Act 2000 (Prescribed Financial Institutions) Order 2013
12.Financial Services and Markets Act 2000 (Qualifying EU Provisions) Order 2013
Modified application of the Companies Act 2006 to banks etc in resolution
PART 1 Provisions concerning the exercise of certain rights of shareholders in listed companies
1.In relation to a company under resolution, this Part modifies...
2.Section 145 (effect of provisions of articles as to enjoyment...
3.Section 153 (exercise of rights where shares held on behalf...
4.Section 282 (ordinary resolutions) has effect as if, in subsection...
5.Section 283 (special resolutions) has effect as if, in subsection...
6.Section 284 (votes: general rules) has effect as if, in...
7.Section 303 (members' power to require directors to call general...
8.Section 307 (notice required of general meeting) has effect as...
9.Part 13 (resolutions and meetings) has effect as if section...
10.Section 311 (contents of notices of meetings) has effect as...
12.Section 327 (notice required of appointment of proxy etc) has...
13.Section 330 (notice required of termination of proxy's authority) has...
14.Part 13 has effect as if section 333A (traded company:...
15.Section 334 (application to class meetings) has effect as if—...
16.Section 336 (public companies and traded companies: annual general meeting)...
17.Section 337 (public companies and traded companies: notice of AGM)...
20.Section 352 (application of provisions to class meetings) has effect...
21.Section 360 (computation of periods of notice etc: clear day...
22.Section 360A (electronic meetings and voting) has effect as if...
23.Part 13 has effect as if section 360B (traded companies:...
PART 2 Provisions concerning mergers and divisions of public limited liability companies
PART 3 Provisions concerning the maintenance and alteration of a company's share capital
25.In relation to a company under resolution, this Part modifies...
26.Section 550 (power of directors to allot shares etc: private...
27.Section 551 (power of directors to allot shares etc: authorisation...
29.Section 569 (disapplication of pre-emption rights: private company with only...
30.Section 570 (disapplication of pre-emption rights: directors acting under general...
31.Section 571 (disapplication of pre-emption rights by special resolution) has...
32.Section 586 (public companies: shares must be at least one-quarter...
33.Section 593 (public company: valuation of non-cash consideration for shares)...
34.Section 617 (alteration of share capital of limited company) has...
35.Section 618 (sub-division or consolidation of shares) has effect—
36.Section 656 (public companies: duty of directors to call meeting...
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