PART 5

Amendments of secondary legislation

Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014
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1
The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014 are amended as follows.
2
In regulation 2—
a
in paragraph (1), in the definition of “banking institution”, after paragraph (d) insert—
e
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 regulation 3—
a
in paragraph (3)(a), for “or 12ZA(3)” substitute “ , 12ZA(3) or 44D(2) ”;
b
in paragraph (4)(b)—
i
for “an associated” substitute “ a ”,
ii
for “(within the meaning of section 44B(2))” substitute “ referred to in section 44B(2)(b) or in a property transfer instrument under section 43(2) ”.
S.I. 2014/3330.