SCHEDULE 4Amendments of other secondary legislation

The Banking Act 2009 (Restriction of Special Bail-in Provision, etc.) Order 2014I17

1

The Banking Act 2009 (Restriction of Special Bail-in Provision, etc.) Order 2014 is amended as follows.

2

In article 2 (interpretation)—

a

in paragraph (1)—

F1i

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ii

in the definition of “transferable securities” for the words from “4.1(44)” to “instruments” substitute, “2.1(24) of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012”;

b

in paragraph (2) for “Order 2016 comes” substitute “ (Amendment) (EU Exit) Regulations 2018 come ”.

3

In article 5 (set-off and netting: meaning of “derivative” etc.), in paragraph (1), at the end insert “ as it F2forms part of retained EU law.

4

In article 8 (review), omit paragraph (2).