Explanatory Notes

Financial Services (Banking Reform) Act 2013

2013 CHAPTER 33

18 December 2013

Commentary

Part 1 – Ring-Fencing

Ring-fencing

Section 11: Reviews of proprietary trading: interpretation

93.Section 11 contains the interpretation provisions for section 9 (relating to the PRA’s report on proprietary trading), and section 10 (the independent review on proprietary trading).