SCHEDULES

SCHEDULE 17Amendments of Banking Act 2009 related to Part 2 of this Act

PART 2Amendments of Part 2 of the Act

36

(1)

Section 100 (liquidation committee) is amended as follows.

(2)

For subsection (2) substitute—

“(2)

The liquidation committee is to consist initially of—

(a)

two individuals nominated by the Bank of England,

(b)

one individual nominated by the PRA,

(c)

one individual nominated by the FCA, and

(d)

one individual nominated by the FSCS.”

(3)

In subsection (6)(c), for “and the FSA” substitute “ , the PRA and the FCA ”.