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Financial Services Act 2012

Financial Services Act 2012

2012 CHAPTER 21

Commentary

Part 8 – Amendments of Banking Act 2009

Special resolution regime and bank administration

Section 96: objectives and conditions

556.Section 96 amends the Banking Act 2009. It inserts two new resolution objectives. New objective 6 is to protect client assets. New objective 7 is to minimise adverse effects on institutions that support the operation of financial markets, such as investment exchanges. Subsections (4) to (6) make connected and consequential changes to that Act.

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