Financial Services (Banking Reform) Act 2013

Other amendments of the Act

This section has no associated Explanatory Notes

31In section 259 (statutory instruments)—

(a)in the Table in subsection (3), in Part 1, in the entry relating to section 60 for “Third party compensation” substitute “Third party compensation: partial property transfers”;

(b)in the Table in subsection (3), in Part 1, at the appropriate places insert—

48F(1) and (2)Power to amend definition of “excluded liabilities”Draft affirmative resolution
48GInsolvency treatment principlesDraft affirmative resolution
48PSafeguarding of certain financial arrangementsDraft affirmative resolution
52A Bail-in compensation ordersDraft affirmative resolution”
“60AThird party compensation: instruments containing special bail-in provisionDraft affirmative resolution;

(c)in the Table in subsection (3), in Part 3, at the appropriate place insert—

152AProperty transfer from transferred institutionDraft affirmative resolution;

(d)in subsection (5), after paragraph (d) insert—

(da)section 60A (special resolution regime: instruments containing special bail-in provision),;

(e)in subsection (5), after paragraph (k) insert—

(ka)section 152A (bank administration: property transfer from transferred institution),.