Overview of Part 14.

(1)

Section 1 (overview)4 is amended as follows.

(2)

In subsection (2)(a) for “four” substitute “five”.

(3)

In subsection (3)—

(a)

for “four” substitute “five”, and

(b)

after paragraph (b) insert—

“(ba)

transfer to an asset management vehicle (section 12ZA),”.

(4)

In subsection (4)—

(a)

for “four” substitute “five”,

(b)

after paragraph (b) insert—

“(c)

the third country instrument powers (sections 89H to 89J).”.

(5)

In the Table in subsection (6), at the appropriate places insert—

“Sections 3A and 3B

Pre-resolution powers”

“Sections 6A to 6D

Mandatory write-down, conversion etc of capital instruments”

“Section 6E

Valuation before mandatory write-down or stabilisation action”

“Sections 48B to 48W

Bail-in option”

“Sections 48X and 48Y

Replacement of provisional valuation”

“Section 48Z

Termination rights etc”

“Section 62A

Independent valuer”

“Sections 62B to 62E

Resolution administrator”

“Sections 83ZA to 83Z2

Information and enforcement”

“Sections 89H to 89J

Third-country resolution actions”