Statutory Instruments

2014 No. 3486

Banks And Banking

Building Societies

The Banks and Building Societies (Depositor Preference and Priorities) Order 2014

Made

17th December 2014

Coming into force

1st January 2015

The Treasury are designated(1) for the purposes of section 2(2) of the European Communities Act 1972(2), in relation to financial services.

The Treasury, in exercise of the powers conferred by section 2(2) of the European Communities Act 1972, and section 90B(1) and (5) of the Building Societies Act 1986(3), make the following Order.

A draft of this Order has been laid before Parliament and approved by a resolution of each House of Parliament in accordance with paragraph 2(2) of Schedule 2 to the European Communities Act 1972, and section 90B(6) of the Building Societies Act 1986.

Modifications etc. (not altering text)

(2)

1972 c.68. Section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51) and by section 3 of, and the Schedule to, the European Union (Amendment) Act 2008 (c.7).

(3)

1986 c.53. Section 90B was inserted by section 2 of the Building Societies (Funding) and Mutual Societies (Transfers) Act 2007 (c. 26).