PART 5

Amendments of secondary legislation

Banking Act 2009 (Restriction of Special Bail-in Provision, etc) Order 2014
39
1
The Banking Act 2009 (Restriction of Special Bail-in Provision, etc) Order 2014 is amended as follows.
2
In article 2—
a
in paragraph (1), in the definition of “banking institution” after sub-paragraph (c) insert—
d
a third-country institution (within the meaning of section 89JA of the Act (resolution of UK branches of third-country institutions)).
,
b
in paragraph (2), for “as applied by section 89A of the Act (application to investment firms) ” substitute “ as applied with or without modifications by that Act, as that Act has effect on the day on which the Bank Recovery and Resolution Order 2016 comes into force. ”.
3
In article 6, in paragraph (10)—
a
at the end of sub-paragraph (a) omit “or”;
b
after sub-paragraph (b), insert—
c
an onward property transfer instrument under section 43(2) of the Act in relation to which the original instrument (as defined in section 43(1)) is a property transfer instrument under section 12(2) of that Act, or
d
a bridge bank supplemental property transfer instrument under section 44D(2) of the Act.
.
S.I. 2014/3350.
Section 89A was inserted by section 101 of the Financial Services Act 2012 (c.21).