The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 No. 1394

SCHEDULE 4 Amendments of other secondary legislation

The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014

6.—(1) The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014 are amended as follows.

(2) In regulation 2 (interpretation), in paragraph (2) for “Order 2016 comes” substitute “(Amendment) (EU Exit) Regulations 2018 come”.

(3) After regulation 8 insert—

“Valuation methodology: technical standards

8A.   The Bank may make technical standards specifying the methodology for the assessments referred to in regulation 6(2) to (4).”.

(4) In regulation 13 (review), omit paragraph (2).