The Bank Recovery and Resolution (No. 2) Order 2014 No. 3348

SCHEDULE 3 Amendments

PART 2 Amendments of other primary legislation

Amendment of the Financial Services (Banking Reform) Act 2013

6.  In section 17 of the Financial Services (Banking Reform) Act 2013(1) (bail-in stabilisation option)—

(a) in subsection (3)(e) for “bail-in administrator” substitute “resolution administrator”;

(b) in subsection (5)—

(i) omit the definition of “bail-in administrator”;

(ii) after the definition of “company” insert—

““resolution administrator” is to be read in accordance with sections 62B to 62E of the Banking Act 2009.”.

(1)

2013 c.33.