PART 4

Collaboration between Treasury and Bank of England, FCA or PRA

Interpretation of Part 4
67
1
This section has effect for the interpretation of this Part.
2
“Public funds notification” is to be read in accordance with section 58(2).
3
“Financial assistance” includes giving guarantees or indemnities and any other kind of financial assistance (actual or contingent).
4
The Treasury may by order provide that a specified activity or transaction, or class of activity or transaction, is to be or not to be treated as financial assistance for the purposes of this Part; and subsection (3) is subject to this subsection.
5
“Qualifying financial assistance” is to be read in accordance with section 60(5).
6
Group entity” has the same meaning as in the Bank Recovery and Resolution (
No.
2) Order 2014 (
S.I.
2014/3348).
7
“
Group resolution plan
” means a group resolution plan drawn up by the Bank under Part 5 of that Order.
8
“
Resolution plan
” means a resolution plan drawn up by the Bank under Part 5 of that Order.
9
“
Stabilisation power
” has the same meaning as in section 1(4) of the Banking Act 2009.
S. 67 in force at 24.1.2013 by S.I. 2013/113, art. 2(1)(a), Sch. Pt. 1
S. 67(6)-(9) inserted (6.7.2016) by Bank of England and Financial Services Act 2016 (c. 14), ss. 36(4), 41(3); S.I. 2016/627, reg. 2(1)(aa)