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Banking Act 2009
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Changes to legislation:
There are outstanding changes not yet made by the legislation.gov.uk editorial team to Banking Act 2009. Any changes that have already been made by the team appear in the content and are referenced with annotations.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.
Changes and effects yet to be applied to the whole Act associated Parts and Chapters:
- Act words substituted by S.I. 2013/504 reg. 25(2)
Whole provisions yet to be inserted into this Act (including any effects on those provisions):
- Pt. 1 Ch. 2 inserted by S.I. 2014/3329 art. 6
- Pt. 1 Ch. 4 inserted by S.I. 2014/3329 art. 97
- Pt. 1 Ch. 6 7 inserted by S.I. 2014/3329 art. 103
- Pt. 1 Ch. 6A inserted by S.I. 2016/1239 art. 29(5)
- Pt. 1 Ch. 1 ss. 1-3 renumbered as Pt. 1 Ch. 1 by S.I. 2014/3329 art. 3
- Pt. 1 Ch. 3 ss. 4-83 renumbered as Pt. 1 Ch. 3 by S.I. 2014/3329 art. 7
- Pt. 1 Ch. 5 ss. 83A-89G renumbered as Pt. 1 Ch. 5 by S.I. 2014/3329 art. 98
- s. 1(3)(ba) inserted by S.I. 2014/3329 art. 4(3)(b)
- s. 1(4)(c) inserted by S.I. 2014/3329 art. 4(4)(b)
- s. 1(4)(za) inserted by 2013 c. 33 Sch. 2 para. 12(4)(b)
- s. 2(8) inserted by 2012 c. 21 s. 101(3)
- s. 2(9) inserted by 2012 c. 21 s. 102(3)
- s. 2(10) inserted by S.I. 2016/1239 art. 29(3)
- s. 3(1) s. 3 renumbered as s. 3(1) by S.I. 2014/3329 art. 5(2)
- s. 3(1) words inserted by S.I. 2014/3329 art. 5(2)
- s. 3(1) words inserted by S.I. 2018/1394 Sch. 1 para. 3(2)
- s. 3(1) words inserted by S.I. 2018/1394 Sch. 1 para. 3(3)(b)
- s. 3(1) words inserted by S.I. 2018/1394 Sch. 1 para. 3(3)(d)
- s. 3(1) words inserted by S.I. 2018/1394 Sch. 1 para. 3(3)(e)
- s. 3(1) words inserted by S.I. 2018/1394 Sch. 1 para. 3(4)
- s. 3(1) words inserted by S.I. 2018/1394 Sch. 1 para. 3(5)
- s. 3(1) words omitted by S.I. 2018/1394 Sch. 1 para. 3(3)(c)
- s. 3(1) words substituted by S.I. 2018/1394 Sch. 1 para. 3(3)(a)
- s. 3(1) words substituted by S.I. 2019/1212 reg. 3(2)
- s. 3(2) inserted by S.I. 2014/3329 art. 5(3)
- s. 3(2)(a) substituted by S.I. 2018/1394 Sch. 1 para. 4
- s. 3(2A)-(2C) inserted by S.I. 2018/1394 Sch. 1 para. 5
- s. 3(3) inserted by S.I. 2016/1239 art. 4
- s. 3(4) inserted by S.I. 2018/1394 Sch. 1 para. 6
- s. 3A(8) words inserted by S.I. 2016/1239 art. 5
- s. 4(3A)-(9) substituted for s. 4(4)-(9) by S.I. 2014/3329 art. 8(2)
- s. 4(4)(a) words inserted by S.I. 2017/1064 Sch. para. 13
- s. 4(4)(a) words inserted by S.I. 2018/1394 Sch. 1 para. 7(2)(b)
- s. 4(4)(a) words substituted by S.I. 2018/1394 Sch. 1 para. 7(2)(a)
- s. 4(8A) (8B) inserted by 2012 c. 21 s. 96(3)
- s. 6A-6D and cross-heading inserted by S.I. 2014/3329 art. 10
- s. 6A(4)(d) words substituted by S.I. 2018/1394 Sch. 1 para. 8(2)
- s. 6A(6)(b) words omitted by S.I. 2016/1239 art. 6
- s. 6A(9) words omitted by S.I. 2018/1394 Sch. 1 para. 8(3)(a)
- s. 6A(9) words substituted by S.I. 2018/1394 Sch. 1 para. 8(3)(b)
- s. 6B(9) words substituted by S.I. 2018/1394 Sch. 1 para. 9
- s. 6C(4)(a) words substituted by S.I. 2018/1394 Sch. 1 para. 10(2)(a)
- s. 6C(4)(a) words substituted by S.I. 2018/1394 Sch. 1 para. 10(2)(b)
- s. 6C(4)(b) word substituted by S.I. 2018/1394 Sch. 1 para. 10(3)
- s. 6C(4)(d) words substituted by S.I. 2018/1394 Sch. 1 para. 10(4)
- s. 6C(4A) inserted by S.I. 2018/1394 Sch. 1 para. 10(5)
- s. 6C(7) words omitted by S.I. 2018/1394 Sch. 1 para. 10(6)
- s. 6E and cross-heading inserted by S.I. 2014/3329 art. 11
- s. 6E(6) substituted by S.I. 2018/1394 Sch. 1 para. 11(2)
- s. 6E(10)(11) substituted for s. 6E(10) by S.I. 2018/1394 Sch. 1 para. 11(3)
- s. 7(1)-(5H) substituted for s. 7(1)-(5) by S.I. 2014/3329 art. 12
- s. 7(5C)(b) words substituted by S.I. 2016/1239 art. 7(a)
- s. 7(5C)(d) words substituted by S.I. 2016/1239 art. 7(b)
- s. 7(5E)(a) words substituted by S.I. 2018/1394 Sch. 1 para. 12
- s. 7A inserted by S.I. 2014/3329 art. 13
- s. 7A heading word substituted by S.I. 2018/1394 Sch. 1 para. 13(2)
- s. 7A(1)(b) words substituted by S.I. 2018/1394 Sch. 1 para. 13(3)(a)
- s. 7A(1)(c) words substituted by S.I. 2018/1394 Sch. 1 para. 13(3)(b)
- s. 7A(2)(b) words substituted by S.I. 2018/1394 Sch. 1 para. 13(4)(a)
- s. 7A(2)(c) word omitted by S.I. 2018/1394 Sch. 1 para. 13(4)(b)(ii)
- s. 7A(2)(c) words substituted by S.I. 2018/1394 Sch. 1 para. 13(4)(b)(i)
- s. 8(2)(d) and word inserted by 2012 c. 21 s. 96(4)(b)
- s. 8A inserted by 2013 c. 33 Sch. 2 para. 3
- s. 8A omitted by S.I. 2014/3329 art. 16
- s. 8ZA inserted by S.I. 2014/3329 art. 15
- s. 8ZA(5) omitted by S.I. 2018/1394 Sch. 1 para. 14
- s. 11A inserted by S.I. 2016/1239 art. 8
- s. 11A(5)(a) words omitted by S.I. 2018/1394 Sch. 1 para. 15(2)
- s. 11A(8) inserted by S.I. 2018/1394 Sch. 1 para. 15(3)
- s. 12(1A)(2) substituted for s. 12(2) by S.I. 2014/3329 art. 18(3)
- s. 12(3A)-(3D) inserted by S.I. 2014/3329 art. 18(4)
- s. 12(5)(a)(i)-(ib) substituted for s. 12(5)(a)(i) by S.I. 2014/3329 art. 18(6)
- s. 12A 12B and cross-heading inserted by 2013 c. 33 Sch. 2 para. 2
- s. 12A(1) word substituted by S.I. 2014/3329 art. 20(2)
- s. 12A(2)-(2C) substituted for s. 12A(2) by S.I. 2014/3329 art. 20(3)
- s. 12A(4)(a) words substituted by S.I. 2014/3329 art. 20(4)
- s. 12A(8) words substituted by S.I. 2014/3329 art. 20(5)
- s. 12B omitted by S.I. 2014/3329 art. 22
- s. 12AA inserted by S.I. 2014/3329 art. 21
- s. 12AA(2) words omitted by S.I. 2018/1394 Sch. 1 para. 16
- s. 12ZA inserted by S.I. 2014/3329 art. 19
- s. 18(5A) inserted by S.I. 2014/3329 art. 25
- s. 18(6) inserted by 2013 c. 33 Sch. 2 para. 15
- s. 19(3) inserted by S.I. 2014/3329 art. 26(3)
- s. 20(1A) inserted by 2012 c. 21 s. 100(3)
- s. 20(1A) words inserted by S.I. 2014/3329 art. 27(2)
- s. 20(5) inserted by S.I. 2014/3329 art. 27(3)
- s. 25(3)(c) and words inserted by S.I. 2014/3329 art. 30
- s. 26A heading word inserted by S.I. 2016/1239 art. 10(1)(g)(ii)
- s. 26A heading words omitted by S.I. 2016/1239 art. 10(1)(g)(i)
- s. 26A(1) words inserted by S.I. 2016/1239 art. 10(1)(a)
- s. 26A(2)-(7) words omitted by S.I. 2016/1239 art. 10(1)(b)
- s. 26A(2A) inserted by S.I. 2016/1239 art. 10(1)(c)
- s. 26A(3)(a) words inserted by S.I. 2016/1239 art. 10(1)(d)(i)
- s. 26A(3)(b) words inserted by S.I. 2016/1239 art. 10(1)(d)(iii)
- s. 26A(3)(ab) inserted by S.I. 2016/1239 art. 10(1)(d)(ii)
- s. 26A(4) words inserted by S.I. 2016/1239 art. 10(1)(e)
- s. 26A(4A) inserted by S.I. 2016/1239 art. 10(1)(f)
- s. 26ZA inserted by S.I. 2016/1239 art. 9(1)
- s. 29A inserted by S.I. 2014/3329 art. 32
- s. 33(3) inserted by S.I. 2014/3329 art. 35
- s. 34(8) (9) inserted by 2012 c. 21 s. 98(3)
- s. 36A inserted by 2012 c. 21 s. 100(4)
- s. 36A heading words inserted by S.I. 2014/3329 art. 36(4)
- s. 36A(1) words inserted by S.I. 2014/3329 art. 36(2)
- s. 36A(2) words inserted by S.I. 2014/3329 art. 36(2)
- s. 36A(4)(5) inserted by S.I. 2014/3329 art. 36(3)
- s. 39(4A)(4B) inserted by S.I. 2014/3329 art. 38(a)
- s. 39A inserted by 2012 c. 21 s. 102(4)
- s. 39A words substituted by S.I. 2013/504 reg. 25(3)
- s. 39B inserted by S.I. 2014/3329 art. 39
- s. 41(2)(c) and words inserted by S.I. 2014/3329 art. 40(2)
- s. 41(4) inserted by S.I. 2014/3329 art. 40(3)
- s. 41A inserted by 2013 c. 33 Sch. 2 para. 5(1)
- s. 41A(3) words substituted by S.I. 2014/3329 art. 41
- s. 44A-44C inserted by 2013 c. 33 Sch. 2 para. 5(3)
- s. 44A(5) words substituted by S.I. 2014/3329 art. 45
- s. 44B(1)-(3C) substituted for s. 44B(1)-(3) by S.I. 2016/1239 art. 11(2)
- s. 44B(1) words substituted by S.I. 2014/3329 art. 46(2)
- s. 44B(2) words substituted by S.I. 2014/3329 art. 46(3)
- s. 44B(3) words inserted by S.I. 2014/3329 art. 46(4)(a)
- s. 44B(3) words inserted by S.I. 2014/3329 art. 46(4)(b)
- s. 44B(3) words inserted by S.I. 2014/3329 art. 46(4)(c)
- s. 44B(4) words inserted by S.I. 2016/1239 art. 11(3)
- s. 44B(4) words substituted by S.I. 2014/3329 art. 46(5)(a)
- s. 44B(4) words substituted by S.I. 2014/3329 art. 46(5)(b)
- s. 44D 44E inserted by S.I. 2016/1239 art. 13(1)
- s. 44BA inserted by S.I. 2016/1239 art. 12(1)
- s. 45(5A) inserted by 2012 c. 21 s. 98(4)
- s. 46(5A) inserted by 2012 c. 21 s. 98(5)
- s. 47(1A) inserted by S.I. 2014/3329 art. 47
- s. 48B-48W and cross-heading inserted by 2013 c. 33 Sch. 2 para. 4
- s. 48B modified by S.I. 2019/341, reg. 18(1) (as inserted) by S.I. 2019/710 reg. 20(5)
- s. 48B(5) word omitted by S.I. 2014/3329 art. 48(3)
- s. 48B(5) words inserted by S.I. 2014/3329 art. 48(3)
- s. 48B(7A) inserted by S.I. 2014/3329 art. 48(2)
- s. 48B(8) words substituted by S.I. 2014/3329 art. 48(4)(a)
- s. 48B(8)(e) words inserted by S.I. 2014/3329 art. 48(4)(b)
- s. 48B(8)(f) omitted by S.I. 2014/3329 art. 48(4)(c)
- s. 48B(8)(g) words substituted by S.I. 2014/3329 art. 48(4)(d)
- s. 48B(8)(g) words substituted by S.I. 2018/1394 Sch. 1 para. 19(2)
- s. 48B(8)(h) substituted by S.I. 2014/3329 art. 48(4)(e)
- s. 48B(8)(j) inserted by S.I. 2014/3329 art. 48(4)(f)
- s. 48B(8)(j) words substituted by S.I. 2018/1394 Sch. 1 para. 19(3)
- s. 48B(9)(a) words substituted by S.I. 2014/3329 art. 48(5)
- s. 48B(10)-(14) inserted by S.I. 2014/3329 art. 48(6)
- s. 48B(10)(b) and word omitted by S.I. 2018/1394 Sch. 1 para. 19(4)
- s. 48B(12)(c) words substituted by S.I. 2018/1394 Sch. 1 para. 19(5)(a)
- s. 48B(12)(c) words substituted by S.I. 2018/1394 Sch. 1 para. 19(5)(b)
- s. 48B(13A)-(13C) inserted by S.I. 2018/1394 Sch. 1 para. 19(6)
- s. 48B(14) words inserted by S.I. 2018/1394 Sch. 1 para. 19(7)(a)
- s. 48B(14) words substituted by S.I. 2018/1394 Sch. 1 para. 19(7)(b)
- s. 48B(15)-(18) inserted by S.I. 2018/1394 Sch. 1 para. 19(8)
- s. 48C(1) substituted for s. 48C(1)-(3) by S.I. 2014/3329 art. 49(2)
- s. 48C(1) words substituted by S.I. 2018/1394 Sch. 1 para. 20
- s. 48C(4) words substituted by S.I. 2014/3329 art. 49(3)
- s. 48D(1) words inserted by S.I. 2018/1394 Sch. 1 para. 21(4)(b)
- s. 48D(1) words substituted by S.I. 2018/1394 Sch. 1 para. 21(2)
- s. 48D(1) words substituted by S.I. 2018/1394 Sch. 1 para. 21(3) (This amendment not applied to legislation.gov.uk. Sch. 1 para. 21(3) omitted immediately before exit day by virtue of S.I. 2019/710, regs. 1(2), 17)
- s. 48D(1) words substituted by S.I. 2018/1394 Sch. 1 para. 21(4)(a)
- s. 48D(1) words substituted by S.I. 2019/341 reg. 3(2)
- s. 48D(3) omitted by S.I. 2014/3329 art. 50
- s. 48H(1) word omitted by S.I. 2018/1394 Sch. 1 para. 22(2)(a)
- s. 48H(1) words substituted by S.I. 2014/3329 art. 51
- s. 48H(1)(c) and word inserted by S.I. 2018/1394 Sch. 1 para. 22(2)(b)
- s. 48H(7A) inserted by S.I. 2018/1394 Sch. 1 para. 22(3)
- s. 48I-48K omitted by S.I. 2014/3329 art. 52
- s. 48L(3)(b) words inserted by S.I. 2014/3329 art. 53(2)(a)
- s. 48L(3)(c)(d) inserted by S.I. 2014/3329 art. 53(2)(b)
- s. 48L(4A) inserted by S.I. 2014/3329 art. 53(3)
- s. 48L(5)(b) words substituted by S.I. 2014/3329 art. 53(4)
- s. 48L(6) substituted by S.I. 2014/3329 art. 53(5)
- s. 48L(6A) inserted by S.I. 2014/3329 art. 53(6)
- s. 48M omitted by S.I. 2014/3329 art. 54
- s. 48N heading words inserted by S.I. 2014/3329 art. 55(4)
- s. 48N(1) words inserted by S.I. 2014/3329 art. 55(2)
- s. 48N(2) words inserted by S.I. 2014/3329 art. 55(2)
- s. 48N(4) inserted by S.I. 2014/3329 art. 55(3)
- s. 48O(5) inserted by S.I. 2014/3329 art. 56
- s. 48T(2) word omitted by S.I. 2014/3329 art. 57
- s. 48T(2)(c) and words inserted by S.I. 2014/3329 art. 57
- s. 48U(3) words substituted by S.I. 2014/3329 art. 58
- s. 48V(5) words substituted by S.I. 2014/3329 art. 59
- s. 48W(6)(a) words substituted by S.I. 2014/3329 art. 60(2)
- s. 48W(8) words substituted by S.I. 2014/3329 art. 60(3)
- s. 48X 48Y and cross-heading inserted by S.I. 2014/3329 art. 61
- s. 48Z and cross-heading inserted by S.I. 2014/3329 art. 62
- s. 48Z(1) words inserted by S.I. 2018/1394 Sch. 1 para. 23(2)(d)
- s. 48Z(1) words omitted by S.I. 2018/1394 Sch. 1 para. 23(2)(a)
- s. 48Z(1) words omitted by S.I. 2018/1394 Sch. 1 para. 23(2)(b)(i)
- s. 48Z(1) words substituted by S.I. 2018/1394 Sch. 1 para. 23(2)(b)(ii)
- s. 48Z(1) words substituted by S.I. 2018/1394 Sch. 1 para. 23(2)(b)(iii)
- s. 48Z(1) words substituted by S.I. 2018/1394 Sch. 1 para. 23(2)(b)(iv)
- s. 48Z(1) words substituted by S.I. 2018/1394 Sch. 1 para. 23(2)(c)
- s. 48Z(1) words substituted by S.I. 2018/1394 Sch. 1 para. 23(2)(e)
- s. 48Z(1)(c) word omitted by S.I. 2016/1239 art. 15(2)(a)
- s. 48Z(1)(e) and word inserted by S.I. 2016/1239 art. 15(2)(b)
- s. 48Z(5) words substituted by S.I. 2016/1239 art. 15(3)
- s. 48Z(6A)(6B) inserted by S.I. 2016/1239 art. 15(4)
- s. 48WA inserted by S.I. 2016/1239 art. 14
- s. 49(2A) inserted by 2013 c. 33 Sch. 2 para. 6(1)(b)
- s. 52A inserted by 2013 c. 33 Sch. 2 para. 6(3)
- s. 53(1)(i)-(k) inserted by 2013 c. 33 Sch. 2 para. 6(4)(f)
- s. 53(1)(dza) inserted by 2013 c. 33 Sch. 2 para. 6(4)(c)
- s. 53(1)(zza) inserted by 2013 c. 33 Sch. 2 para. 6(4)(a)
- s. 53(1)(zzb) inserted by S.I. 2016/1239 art. 16(a)
- s. 53(1)(fa) inserted by 2013 c. 33 Sch. 2 para. 6(4)(d)
- s. 53(1)(fb)(fc) inserted by S.I. 2016/1239 art. 16(c)
- s. 53(1)(za) words omitted by S.I. 2016/1239 art. 16(b)
- s. 53(1)(zb) inserted by 2013 c. 33 Sch. 2 para. 6(4)(b)
- s. 60A 60B inserted by 2013 c. 33 Sch. 2 para. 6(8)
- s. 60B(2)(a) words substituted by S.I. 2014/3329 art. 68(a)
- s. 60B(2)(a) words substituted by S.I. 2014/3329 art. 68(b)
- s. 61(1)(e) and word inserted by 2013 c. 33 Sch. 2 para. 6(9)(c)
- s. 61(1)(ca) inserted by 2013 c. 33 Sch. 2 para. 6(9)(b)
- s. 62(1)(ba) inserted by 2013 c. 33 Sch. 2 para. 6(10)
- s. 62A and cross-heading inserted by S.I. 2014/3329 art. 69
- s. 62A(1A) inserted by S.I. 2016/1239 art. 17(2)
- s. 62A(2)(a) words omitted by S.I. 2018/1394 Sch. 1 para. 24(2)(a)
- s. 62A(2)(b) word substituted by S.I. 2018/1394 Sch. 1 para. 24(2)(b)
- s. 62A(2A)(2B) inserted by S.I. 2018/1394 Sch. 1 para. 24(3)
- s. 62A(6) word substituted by S.I. 2016/1239 art. 17(3)(a)
- s. 62A(6) words omitted by S.I. 2016/1239 art. 17(3)(b)
- s. 62B-62E and cross-heading inserted by S.I. 2014/3329 art. 70
- s. 63(1A) inserted by S.I. 2014/3329 art. 71(3)
- s. 63(3A) inserted by S.I. 2014/3329 art. 71(4)
- s. 63(4A) inserted by S.I. 2014/3329 art. 71(5)
- s. 64(4)-(6) substituted for s. 64(4) by S.I. 2014/3329 art. 72(3)
- s. 64(7) inserted by S.I. 2014/3329 art. 72(4)
- s. 66(1A) inserted by 2013 c. 33 Sch. 2 para. 18(c)
- s. 66(1A) words inserted by S.I. 2014/3329 art. 74(4)
- s. 66(1ZA) inserted by S.I. 2014/3329 art. 74(3)
- s. 66(3A) inserted by S.I. 2014/3329 art. 74(5)
- s. 66(4A) inserted by S.I. 2014/3329 art. 74(6)
- s. 67(4)-(6) substituted for s. 67(4) by S.I. 2014/3329 art. 75(3)
- s. 70A-70D inserted by S.I. 2014/3329 art. 77
- s. 70A-70C modified by S.I. 2019/341, reg. 18(2) (as inserted) by S.I. 2019/710 reg. 20(5)
- s. 70A(7) words omitted by S.I. 2018/1394 Sch. 1 para. 25(a)
- s. 70A(7) words omitted by S.I. 2018/1394 Sch. 1 para. 25(b)
- s. 70C(6) words omitted by S.I. 2018/1394 Sch. 1 para. 26
- s. 70D(1) words omitted by S.I. 2018/1394 Sch. 1 para. 27(2)(a)
- s. 70D(1) words omitted by S.I. 2018/1394 Sch. 1 para. 27(2)(b)
- s. 70D(2) words omitted by S.I. 2018/1394 Sch. 1 para. 27(3)
- s. 71(1)(d) and word inserted by 2013 c. 33 Sch. 2 para. 21(b)
- s. 71(1)(za) inserted by S.I. 2014/3329 art. 78
- s. 72(1)(d) and word inserted by 2013 c. 33 Sch. 2 para. 22(b)
- s. 73(1)(d) and word inserted by 2013 c. 33 Sch. 2 para. 23(b)
- s. 73(1)(e) and word inserted by S.I. 2014/3329 art. 80(1)(b)
- s. 73(1)(za) inserted by S.I. 2014/3329 art. 80(1)(a)
- s. 74(5A) inserted by S.I. 2014/3329 art. 81(4)
- s. 75(5)(ca) inserted by 2012 c. 21 s. 101(4)
- s. 75(5)(cb) inserted by 2012 c. 21 s. 102(5)
- s. 75(5)(cb) word omitted by S.I. 2016/1239 art. 29(4)(a)(i)
- s. 75(5)(cc)(cd) inserted by S.I. 2016/1239 art. 29(4)(a)(ii)
- s. 75(9) inserted by S.I. 2016/1239 art. 29(4)(b)
- s. 75(9) words substituted by S.I. 2018/1394 Sch. 1 para. 28
- s. 76(5) inserted by S.I. 2014/3329 art. 82(4)
- s. 78A inserted by S.I. 2014/3329 art. 85
- s. 79A inserted by 2012 c. 21 s. 99(1)
- s. 80A inserted by 2013 c. 33 Sch. 2 para. 25
- s. 81A inserted by 2012 c. 21 s. 99(2)
- s. 81A heading words substituted by 2013 c. 33 Sch. 2 para. 26(b)
- s. 81A words substituted by S.I. 2014/3329 art. 88
- s. 81A(1) words substituted by 2013 c. 33 Sch. 2 para. 26(a)
- s. 81B-81D inserted by 2012 c. 21 s. 100(5)
- s. 81B(2)(2A) substituted for s. 81B(2) by S.I. 2014/3329 art. 90(2)
- s. 81B(2)(b) omitted by S.I. 2018/1394 Sch. 1 para. 30(2)
- s. 81B(2A) words omitted by S.I. 2018/1394 Sch. 1 para. 30(3)
- s. 81B(3) words substituted by S.I. 2014/3329 art. 90(3)
- s. 81B(9) inserted by S.I. 2014/3329 art. 90(4)
- s. 81B(9) words omitted by S.I. 2018/1394 Sch. 1 para. 30(4)(a)
- s. 81B(9) words substituted by S.I. 2018/1394 Sch. 1 para. 30(4)(b)
- s. 81C heading words inserted by S.I. 2014/3329 art. 93(5)
- s. 81C(1)(a) word omitted by S.I. 2014/3329 art. 93(2)(a)
- s. 81C(1)(aa) inserted by S.I. 2014/3329 art. 93(2)(b)
- s. 81C(1A)(1B) inserted by S.I. 2014/3329 art. 93(3)
- s. 81C(2) words inserted by S.I. 2014/3329 art. 93(4)(a)
- s. 81C(2) words substituted by S.I. 2014/3329 art. 93(4)(b)
- s. 81D(1) word substituted by S.I. 2018/1394 Sch. 1 para. 34(b)
- s. 81D(1) words omitted by S.I. 2018/1394 Sch. 1 para. 34(a)
- s. 81D(1)(a) words inserted by S.I. 2014/3329 art. 95(2)
- s. 81D(6) words substituted by 2013 c. 33 Sch. 2 para. 7(3)(a)
- s. 81D(6) words substituted by S.I. 2014/3329 art. 95(3)
- s. 81D(7) words substituted by 2013 c. 33 Sch. 2 para. 7(3)(b)
- s. 81AA inserted by S.I. 2014/3329 art. 89
- s. 81AA(2)(c)(i) words substituted by S.I. 2018/1394 Sch. 1 para. 29(2)(a)
- s. 81AA(2)(c)(ii) words substituted by S.I. 2018/1394 Sch. 1 para. 29(2)(b)
- s. 81AA(2A) inserted by S.I. 2018/1394 Sch. 1 para. 29(3)
- s. 81AA(3)(b)(ii) omitted by S.I. 2018/1394 Sch. 1 para. 29(4)
- s. 81AA(4)(c) word omitted by S.I. 2018/1394 Sch. 1 para. 29(5)
- s. 81AA(6) omitted by S.I. 2018/1394 Sch. 1 para. 29(6)
- s. 81AA(8)(b) words omitted by S.I. 2016/1239 art. 18
- s. 81AA(8)(b) words omitted by S.I. 2018/1394 Sch. 1 para. 29(7)
- s. 81AA(9) words omitted by S.I. 2018/1394 Sch. 1 para. 29(8)
- s. 81AA(11)(c)(i)(ii) omitted by S.I. 2018/1394 Sch. 1 para. 29(9)(a)
- s. 81AA(11)(c)(iii) words substituted by S.I. 2018/1394 Sch. 1 para. 29(9)(b)
- s. 81AA(14) words omitted by S.I. 2018/1394 Sch. 1 para. 29(10)(a)
- s. 81AA(14) words substituted by S.I. 2018/1394 Sch. 1 para. 29(10)(b)
- s. 81AA(14) words substituted by S.I. 2018/1394 Sch. 1 para. 29(10)(c)
- s. 81BA inserted by 2013 c. 33 Sch. 2 para. 7(1)
- s. 81BA(2)(2A) substituted for s. 81BA(2) by S.I. 2014/3329 art. 92(2)
- s. 81BA(2)(b) omitted by S.I. 2018/1394 Sch. 1 para. 32(a)
- s. 81BA(2A) words omitted by S.I. 2018/1394 Sch. 1 para. 32(b)
- s. 81BA(3) words substituted by S.I. 2014/3329 art. 92(3)
- s. 81BA(7) inserted by S.I. 2014/3329 art. 92(4)
- s. 81CA inserted by 2013 c. 33 Sch. 2 para. 7(2)
- s. 81CA(2) words substituted by S.I. 2014/3329 art. 94(2)
- s. 81CA(5) words omitted by S.I. 2018/1394 Sch. 1 para. 33
- s. 81CA(5) words substituted by S.I. 2014/3329 art. 94(3)(a)
- s. 81CA(5)(b)(i) words substituted by S.I. 2014/3329 art. 94(3)(b)
- s. 81CA(5)(c) words substituted by S.I. 2014/3329 art. 94(3)(c)
- s. 81ZBA inserted by S.I. 2014/3329 art. 91
- s. 81ZBA(2)(b) omitted by S.I. 2018/1394 Sch. 1 para. 31(2)
- s. 81ZBA(2A) words omitted by S.I. 2018/1394 Sch. 1 para. 31(3)
- s. 81ZBA(9) words omitted by S.I. 2018/1394 Sch. 1 para. 31(4)
- s. 83(1)(aa) inserted by S.I. 2014/3329 art. 96(1)
- s. 83A table words inserted by S.I. 2016/1239 art. 9(2)
- s. 83A table words inserted by S.I. 2016/1239 art. 13(4)
- s. 83A words inserted by S.I. 2018/1394 Sch. 1 para. 39(2)
- s. 83A words omitted by S.I. 2018/1394 Sch. 1 para. 39(3)
- s. 83A words omitted by S.I. 2018/1394 Sch. 1 para. 39(4)
- s. 83A words omitted by S.I. 2018/1394 Sch. 1 para. 39(5)
- s. 83A words omitted by S.I. 2018/1394 Sch. 1 para. 39(6)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(2)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(3)(c)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(4)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(6)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(7)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(9)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(10)
- s. 83A(2) table words inserted by S.I. 2014/3329 art. 99(11)
- s. 83A(2) table words omitted by S.I. 2014/3329 art. 99(3)(b)
- s. 83A(2) table words omitted by S.I. 2014/3329 art. 99(5)
- s. 83A(2) table words substituted by S.I. 2014/3329 art. 99(3)(a)
- s. 83A(2) table words substituted by S.I. 2014/3329 art. 99(8)
- s. 83Z1(1) word substituted by 2016 c. 14 Sch. 2 para. 54(2)(a)
- s. 83Z1(1) words substituted by 2016 c. 14 Sch. 2 para. 54(2)(b)
- s. 83Z1(2)(b) omitted by 2016 c. 14 Sch. 2 para. 54(3)
- s. 83Z1(3) word substituted by 2016 c. 14 Sch. 2 para. 54(4)
- s. 83ZD(3)(b) words substituted by S.I. 2018/1394 Sch. 1 para. 35
- s. 83ZE(3)(a) and word omitted by S.I. 2018/1394 Sch. 1 para. 36(2)(a)
- s. 83ZE(3)(b) words substituted by S.I. 2018/1394 Sch. 1 para. 36(2)(b)
- s. 83ZE(5) omitted by S.I. 2018/1394 Sch. 1 para. 36(3)
- s. 83ZE(8) omitted by S.I. 2018/1394 Sch. 1 para. 36(3)
- s. 83ZE(9) omitted by S.I. 2018/1394 Sch. 1 para. 36(3)
- s. 83ZE(10)(a) and word omitted by S.I. 2018/1394 Sch. 1 para. 36(4)(a)
- s. 83ZE(10)(b) word substituted by S.I. 2018/1394 Sch. 1 para. 36(4)(b)(ii)
- s. 83ZE(10)(b) words substituted by S.I. 2018/1394 Sch. 1 para. 36(4)(b)(i)
- s. 83ZW(2) s. 83ZW(3) renumbered as s. 83ZW(2) by S.I. 2016/1239 art. 19
- s. 83ZY(10) words substituted by 2018 c. 12 Sch. 19 para. 156(2)
- s. 83ZY(10)(b) and word omitted by S.I. 2018/1394 Sch. 1 para. 37
- s. 83ZY(11) words inserted by 2018 c. 12 Sch. 19 para. 156(3)
- s. 83ZZ(a) word inserted by 2016 c. 14 Sch. 2 para. 53(a)
- s. 83ZZ(b) omitted by 2016 c. 14 Sch. 2 para. 53(b)
- s. 83ZZ(c) words substituted by S.I. 2018/1394 Sch. 1 para. 38
- s. 84(b) word substituted by S.I. 2016/1239 art. 20(a)
- s. 84(b) words substituted by S.I. 2016/1239 art. 20(b)
- s. 84A-84D inserted by S.I. 2014/3344 art. 2(3)
- s. 84B(1) words inserted by S.I. 2016/1239 art. 21(2)(a)
- s. 84B(2) words inserted by S.I. 2016/1239 art. 21(2)(b)
- s. 84B(5) words inserted by S.I. 2016/1239 art. 21(2)(b)
- s. 84B(7) words inserted by S.I. 2016/1239 art. 21(2)(b)
- s. 84B(8) words inserted by S.I. 2016/1239 art. 21(2)(c)
- s. 84D heading words inserted by S.I. 2016/1239 art. 22(10)
- s. 84D(A1) inserted by S.I. 2016/1239 art. 22(2)
- s. 84D(2) words inserted by S.I. 2016/1239 art. 22(3)(a)
- s. 84D(2) Table words inserted by S.I. 2016/1239 art. 22(4)(a)
- s. 84D(2) Table words inserted by S.I. 2016/1239 art. 22(4)(b)
- s. 84D(2) Table words inserted by S.I. 2016/1239 art. 22(4)(c)
- s. 84D(2) Table words inserted by S.I. 2016/1239 art. 22(4)(d)
- s. 84D(2) Table words inserted by S.I. 2016/1239 art. 22(4)(e)
- s. 84D(2) Table words inserted by S.I. 2016/1239 art. 22(4)(f)
- s. 84D(2) Table words inserted by S.I. 2016/1239 art. 22(4)(g)
- s. 84D(2)(b) words inserted by S.I. 2016/1239 art. 22(3)(b)(i)
- s. 84D(2)(b)(ii) words inserted by S.I. 2016/1239 art. 22(3)(b)(ii)
- s. 84D(3)(b) word inserted by S.I. 2016/1239 art. 22(5)
- s. 84D(5A) inserted by S.I. 2016/1239 art. 22(6)
- s. 84D(6) words inserted by S.I. 2016/1239 art. 22(7)
- s. 84D(7) words inserted by S.I. 2016/1239 art. 22(8)
- s. 84D(8) words inserted by S.I. 2016/1239 art. 22(9)(a)
- s. 84D(8) words inserted by S.I. 2016/1239 art. 22(9)(b)
- s. 84ZA inserted by S.I. 2016/1239 art. 21(1)
- s. 89A and cross-heading inserted by 2012 c. 21 s. 101(5)
- s. 89A(1) table words omitted by S.I. 2016/1239 art. 23
- s. 89A(1) words substituted by S.I. 2014/3329 art. 101(2)
- s. 89A(1) words substituted by S.I. 2018/1394 Sch. 1 para. 40
- s. 89A(2)(3) substituted for s. 89A(2) by S.I. 2014/3329 art. 101(3)
- s. 89B-89G and cross-heading inserted by 2012 c. 21 s. 102(6)
- s. 89B-89G and cross-heading words substituted by S.I. 2013/504 reg. 25(2)
- s. 89B(1) words substituted by S.I. 2014/3329 art. 102(2)
- s. 89B(1)(za) inserted by 2013 c. 33 Sch. 2 para. 9(a)
- s. 89B(1A) inserted by 2013 c. 33 Sch. 2 para. 9(b)
- s. 89B(1ZA) inserted by S.I. 2014/3329 art. 102(3)
- s. 89B(1ZA) words inserted by S.I. 2016/1239 art. 24
- s. 89B(2) word substituted by 2013 c. 33 Sch. 2 para. 9(c)
- s. 89B(6) words inserted by 2013 c. 33 Sch. 10 para. 7
- s. 89C words substituted by S.I. 2013/504 reg. 25(3)
- s. 89D words substituted by S.I. 2013/504 reg. 25(3)
- s. 89E(1) words substituted by S.I. 2013/504 reg. 25(4)
- s. 89F words substituted by S.I. 2013/504 reg. 25(3)
- s. 89G(1) substituted by S.I. 2013/504 reg. 25(5)(a)
- s. 89G(2) words substituted by S.I. 2013/504 reg. 25(5)(b)
- s. 89G(3) substituted by S.I. 2013/504 reg. 25(5)(c)
- s. 89G(4) words omitted by S.I. 2013/504 reg. 25(5)(d)
- s. 89H(4)(a) words omitted by S.I. 2018/1394 Sch. 1 para. 41(2)(a)
- s. 89H(4)(c) word omitted by S.I. 2018/1394 Sch. 1 para. 41(2)(b)(iii)
- s. 89H(4)(c) words substituted by S.I. 2018/1394 Sch. 1 para. 41(2)(b)(i)
- s. 89H(4)(c) words substituted by S.I. 2018/1394 Sch. 1 para. 41(2)(b)(ii)
- s. 89H(4)(e) words omitted by S.I. 2018/1394 Sch. 1 para. 41(2)(c)
- s. 89H(6) omitted by S.I. 2018/1394 Sch. 1 para. 41(3)
- s. 89H(7) words omitted by S.I. 2018/1394 Sch. 1 para. 41(4)(a)
- s. 89H(7) words omitted by S.I. 2018/1394 Sch. 1 para. 41(4)(e)
- s. 89H(7) words substituted by S.I. 2018/1394 Sch. 1 para. 41(4)(b)
- s. 89H(7) words substituted by S.I. 2018/1394 Sch. 1 para. 41(4)(c)
- s. 89H(7) words substituted by S.I. 2018/1394 Sch. 1 para. 41(4)(d)(i)
- s. 89H(7) words substituted by S.I. 2018/1394 Sch. 1 para. 41(4)(d)(ii)
- s. 89H(7) words substituted by S.I. 2018/1394 Sch. 1 para. 41(4)(d)(iii)
- s. 89I(6) words substituted by S.I. 2018/1394 Sch. 1 para. 42(2)
- s. 89I(9) words substituted by S.I. 2018/1394 Sch. 1 para. 42(3)(a)
- s. 89I(9) words substituted by S.I. 2018/1394 Sch. 1 para. 42(3)(b)
- s. 89K(3)(f) words substituted by S.I. 2018/1394 Sch. 1 para. 50
- s. 89L(2)(c)(i) words inserted by S.I. 2016/1239 art. 25(a)(i)
- s. 89L(2)(c)(i) words omitted by 2016 c. 14 Sch. 2 para. 55
- s. 89L(2)(c)(ii) words substituted by S.I. 2016/1239 art. 25(a)(ii)
- s. 89L(2)(d) s. 89L(2)(c)(iii) renumbered as s. 89L(2)(d) by S.I. 2016/1239 art. 25(b)
- s. 89JA(2)(c) words substituted by S.I. 2018/1394 Sch. 1 para. 44
- s. 89JA(4) words inserted by S.I. 2018/1394 Sch. 1 para. 45(3)
- s. 89JA(4) words omitted by S.I. 2018/1394 Sch. 1 para. 45(2)
- s. 89JA(4) words substituted by S.I. 2018/1394 Sch. 1 para. 45(4)
- s. 89JA(4) words substituted by S.I. 2018/1394 Sch. 1 para. 45(5)
- s. 89JA(4) words substituted by S.I. 2018/1394 Sch. 1 para. 45(6)
- s. 89JA(5) word substituted by S.I. 2018/1394 Sch. 1 para. 46(2)
- s. 89JA(5) words substituted by S.I. 2018/1394 Sch. 1 para. 46(3)
- s. 89JA(6) words substituted by S.I. 2018/1394 Sch. 1 para. 47(2)
- s. 89JA(6) words substituted by S.I. 2018/1394 Sch. 1 para. 47(3)(a)
- s. 89JA(6) words substituted by S.I. 2018/1394 Sch. 1 para. 47(3)(b)
- s. 89JA(8) words inserted by S.I. 2018/1394 Sch. 1 para. 48(6)(a)
- s. 89JA(8) words inserted by S.I. 2018/1394 Sch. 1 para. 48(7)
- s. 89JA(8) words omitted by S.I. 2018/1394 Sch. 1 para. 48(3)
- s. 89JA(8) words substituted by S.I. 2018/1394 Sch. 1 para. 48(2)(a)
- s. 89JA(8) words substituted by S.I. 2018/1394 Sch. 1 para. 48(2)(b)
- s. 89JA(8) words substituted by S.I. 2018/1394 Sch. 1 para. 48(4)(a)
- s. 89JA(8) words substituted by S.I. 2018/1394 Sch. 1 para. 48(4)(b)
- s. 89JA(8) words substituted by S.I. 2018/1394 Sch. 1 para. 48(5)
- s. 89JA(8) words substituted by S.I. 2018/1394 Sch. 1 para. 48(6)(b)
- s. 89JA(11) words substituted by S.I. 2018/1394 Sch. 1 para. 49(2)
- s. 89JA(11) words substituted by S.I. 2018/1394 Sch. 1 para. 49(3)
- s. 89JA(11) words substituted by S.I. 2018/1394 Sch. 1 para. 49(4)
- s. 89JA(11) words substituted by S.I. 2018/1394 Sch. 1 para. 49(5)
- s. 96(2)(b)(ai) inserted by S.I. 2014/3329 art. 104(2)(ii)
- s. 103(7) inserted by S.I. 2018/208 reg. 5(2)
- s. 120(8A) inserted by 2013 c. 33 Sch. 2 para. 10(b)
- s. 120(10)(d) and word inserted by 2013 c. 33 Sch. 2 para. 10(c)
- s. 120(11) inserted by 2013 c. 33 Sch. 2 para. 10(d)
- s. 120A inserted by S.I. 2014/3329 art. 106
- s. 120A(2) words substituted by S.I. 2018/1394 Sch. 1 para. 51
- s. 129A(2) words omitted by 2016 c. 14 Sch. 2 para. 59(3)(b)
- s. 129A(2) words substituted by 2016 c. 14 Sch. 2 para. 59(2)
- s. 129A(2) words substituted by 2016 c. 14 Sch. 2 para. 59(3)(a)
- s. 129A(2) words substituted by 2016 c. 14 Sch. 2 para. 59(4)
- s. 145(7) inserted by S.I. 2018/208 reg. 5(4)
- s. 145A(1)(b) words inserted by S.I. 2014/3329 art. 107
- s. 149(2)(ba) inserted by S.I. 2016/1239 art. 26(10)(b)
- s. 152A inserted by 2013 c. 33 Sch. 2 para. 29
- s. 152A(1A) inserted by S.I. 2016/1239 art. 26(13)(a)
- s. 152A(2) words inserted by S.I. 2016/1239 art. 26(13)(b)
- s. 154(2A) inserted by S.I. 2018/208 reg. 5(6)(a)
- s. 154(3A) inserted by S.I. 2018/208 reg. 5(6)(c)
- s. 159A inserted by 2012 c. 21 s. 101(6)
- s. 182(1A) inserted by 2017 c. 30 Sch. 9 para. 4(3)
- s. 183(j)(k) inserted by S.I. 2017/1167 art. 2(3)(c)
- s. 183(ba) inserted by S.I. 2017/1167 art. 2(3)(a)
- s. 184(4) inserted by S.I. 2017/1167 art. 2(4)
- s. 186A(2) words inserted by S.I. 2017/1167 art. 2(6)(a)(ii)
- s. 186A(2)(a) words inserted by S.I. 2017/1167 art. 2(6)(a)(i)
- s. 186A(2)(b) word omitted by 2017 c. 30 Sch. 9 para. 8
- s. 186A(2A) inserted by S.I. 2017/1167 art. 2(6)(b)
- s. 186A(4) word omitted by 2017 c. 30 Sch. 9 para. 8
- s. 186A(4) words inserted by S.I. 2017/1167 art. 2(6)(c)
- s. 191(4)(b) words inserted by S.I. 2017/1167 art. 2(11)(d)
- s. 192(2)(a)(b) word omitted by 2017 c. 30 Sch. 9 para. 14
- s. 192(2)(a) words inserted by S.I. 2017/1167 art. 2(12)(a)(i)
- s. 192(2)(b) words inserted by S.I. 2017/1167 art. 2(12)(a)(ii)
- s. 195(1)(a) words in s. 195(1) renumbered as s. 195(1)(a) by S.I. 2017/1167 art. 2(15)(a)(i)
- s. 195(1)(b) and word inserted by S.I. 2017/1167 art. 2(15)(a)(ii)
- s. 199(3A) inserted by S.I. 2017/1167 art. 2(19)(c)
- s. 200(2A) inserted by S.I. 2017/1167 art. 2(20)(b)
- s. 201(1A) inserted by S.I. 2017/1167 art. 2(21)(b)
- s. 202A(2) words inserted by S.I. 2017/1167 art. 2(23)(b)
- s. 202A(2)(a) word omitted by 2017 c. 30 Sch. 9 para. 24
- s. 202A(2)(a) words inserted by S.I. 2017/1167 art. 2(23)(a)
- s. 202A(3) words inserted by S.I. 2017/1167 art. 2(23)(c)
- s. 202A(3)(a) word omitted by 2017 c. 30 Sch. 9 para. 24
- s. 202A(3)(a) words inserted by S.I. 2017/1167 art. 2(23)(a)
- s. 204(1A) word omitted by 2017 c. 30 Sch. 9 para. 26
- s. 204(1A) words inserted by S.I. 2017/1167 art. 2(25)(b)
- s. 204(4)(ba) omitted by 2016 c. 14 Sch. 2 para. 60
- s. 205(1A) inserted by S.I. 2017/1167 art. 2(26)
- s. 206B(1) word substituted by S.I. 2018/1394 Sch. 1 para. 52
- s. 210(a) words inserted by 2016 c. 14 s. 38(3)(b)
- s. 210(a) words renumbered as s. 210(a) by 2016 c. 14 s. 38(3)(a)
- s. 210(b) inserted by 2016 c. 14 s. 38(3)(c)
- s. 213(1) words inserted by 2016 c. 14 s. 38(4)(b)
- s. 213(1) words renumbered as s. 213(1) by 2016 c. 14 s. 38(4)(a)
- s. 213(2) inserted by 2016 c. 14 s. 38(4)(c)
- s. 214A inserted by 2016 c. 14 s. 38(5)
- s. 220(4A) inserted by 2013 c. 33 Sch. 2 para. 30
- s. 232(2)(aa)(ab) inserted by S.I. 2017/443 reg. 3(a)
- s. 232(2A) inserted by S.I. 2017/443 reg. 3(b)
- s. 246(2)(ca) inserted by 2013 c. 33 s. 95
- s. 256A and cross-heading inserted by 2013 c. 33 Sch. 2 para. 11
- s. 256A(1)(a) words inserted by S.I. 2014/3329 art. 109(a)
- s. 256A(2) words substituted by S.I. 2014/3329 art. 109(b)
- s. 256B inserted by 2016 c. 14 Sch. 2 para. 62
- s. 258A inserted by 2012 c. 21 s. 101(7)
- s. 258A(1) words inserted by S.I. 2018/1394 Sch. 1 para. 54
- s. 258A(1) words substituted by S.I. 2013/3115 Sch. 2 para. 45(3)
- s. 259(5)(da) inserted by 2013 c. 33 Sch. 2 para. 31(d)
- s. 259(5)(ka) inserted by 2013 c. 33 Sch. 2 para. 31(e)
7General conditionsU.K.
This section has no associated Explanatory Notes
(1)A stabilisation power may be exercised in respect of a bank only if the [F1PRA] is satisfied that the following conditions are met.
(2)Condition 1 is that the bank is failing, or is likely to fail, to satisfy the threshold conditions F2....
(3)Condition 2 is that having regard to timing and other relevant circumstances it is not reasonably likely that (ignoring the stabilisation powers) action will be taken by or in respect of the bank that will enable the bank to satisfy the threshold conditions.
(4)The [F3PRA] shall treat Conditions 1 and 2 as met if satisfied that they would be met but for financial assistance provided by—
(a)the Treasury, or
(b)the Bank of England (disregarding ordinary market assistance offered by the Bank on its usual terms).
[F4(4A)“The threshold conditions” means the threshold conditions, as defined by subsection (1) of section 55B of the Financial Services and Markets Act 2000, for which the PRA is treated as responsible under subsection (2) of that section.]
(5)Before determining whether or not Condition 2 is met the [F5PRA] must consult—
(a)the Bank of England,
[F6(aa)the FCA,] and
(b)the Treasury.
(6)The special resolution objectives are not relevant to Conditions 1 and 2.
(7)The conditions for applying for and making a bank insolvency order are set out in sections 96 and 97.
(8)The conditions for applying for and making a bank administration order are set out in sections 143 and 144.
Textual Amendments
F1Word in s. 7(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 8(2) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2Words in s. 7(2) omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 8(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3Word in s. 7(4) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 8(4) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F4S. 7(4A) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 8(5) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F5Word in s. 7(5) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 8(6)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F6S. 7(5)(aa) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 8(6)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
Commencement Information
I1S. 7 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 1
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