http://www.legislation.gov.uk/id/uksi/2018/1394/schedule/1

http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/50

The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

text

text/xml

Statute Law Database

EXITING THE EUROPEAN UNION

FINANCIAL SERVICES

2023-08-24

Expert Participation

2023-07-11

These Regulations are principally made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c.16) (“the Act”) to address failures of retained European Union law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union (“deficiencies”). In particular, these Regulations address deficiencies under paragraphs (a), (b), (c) and (g) of section 8(2) of the Act and transfer functions under section 8(6) of the Act.

The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

Regulations

Financial Services and Markets Act 2023

Sch. 1

Pt. 2

s. 1(4)

s. 86(3)

The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

SCHEDULE 1Amendments of the Banking Act 2009

General provisionsI150

In section 89K (insolvency proceedings), in subsection (3)(f) for the words from “2.15” to the end substitute “ 4.1(21) of the capital requirements regulation. ”.

Annotations:

Commencement Information

Sch. 1 para. 50 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)