Amendment of the Financial Services (Banking Reform) Act 2013
This section has no associated Explanatory Memorandum
6. In section 17 of the Financial Services (Banking Reform) Act 2013(1) (bail-in stabilisation option)—
(a)in subsection (3)(e) for “bail-in administrator” substitute “resolution administrator”;
(b)in subsection (5)—
(i)omit the definition of “bail-in administrator”;
(ii)after the definition of “company” insert—
““resolution administrator” is to be read in accordance with sections 62B to 62E of the Banking Act 2009.”.
(1)