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The Bank Recovery and Resolution (No. 2) Order 2014

Status:

This is the original version (as it was originally made).

Statutory Instruments

2014 No. 3348

Financial Services And Markets

The Bank Recovery and Resolution (No. 2) Order 2014

Made

18th December 2014

Laid before Parliament

19th December 2014

Coming into force in accordance with article 1(2) and (3)

The Treasury make the following Order in exercise of the powers conferred by section 2(2) of the European Communities Act 1972(1), section 192B(4) of the Financial Services and Markets Act 2000(2) and section 230 of the Banking Act 2009(3).

The Treasury are designated(4) for the purposes of the European Communities Act 1972 in relation to financial services.

(1)

1972 c. 68. Section 2(2) was amended by the Legislative and Regulatory Reform Act 2006 (c. 51), section 27(1)(a), and by the European Union (Amendment) Act 2008 (c. 7), section 3 and the Schedule, Part 1. By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c. 51), an order may be made under section 2(2) of the European Communities Act 1972 to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1992 (Cm 2073) and the Protocol adjusting the Agreement signed in Brussels on 17th March 1993 (Cm 2183).

(2)

2000 c. 8. Section 192B was inserted by the Financial Services Act 2012 (c. 21), section 27, which inserted Part 12A of FSMA.

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