http://www.legislation.gov.uk/uksi/2014/3486/article/2
The Banks and Building Societies (Depositor Preference and Priorities) Order 2014
en
BANKS AND BANKING
BUILDING SOCIETIES
2024-05-20
Statute Law Database
2015-01-01
This Order implements the obligation in Article 108 of Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms (OJ L 173, 12.6.2014, p.190) (“the Directive”) to ensure that both deposits which are eligible for compensation under the financial services compensation scheme (“eligible deposits”) and other deposits which would be eligible deposits but for the fact that they are made in branches of UK banks outside the EEA, are treated as preferential debts, and that eligible deposits are given a higher priority within the class of preferential debts than other deposits.
The Banks and Building Societies (Depositor Preference and Priorities) Order 2014
Order
Financial Services and Markets Act 2023
s. 3 Sch. 1
Pt. 2
s. 86(3)
reg. 2(d)
The Banks and Building Societies (Depositor Preference and Priorities) Order 2014
Order
Financial Services and Markets Act 2023
Sch. 1
Pt. 2
s. 1(4)
s. 86(3)
The Banks and Building Societies (Depositor Preference and Priorities) Order 2014
PART 1Introductory Provisions
ExtentI12
The amendments made by this Order have the same extent as the enactments amended.