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The Banks and Building Societies (Priorities on Insolvency) Order 2018

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Statutory Instruments

2018 No. 1244

Financial Services

Banks And Banking

Building Societies

The Banks and Building Societies (Priorities on Insolvency) Order 2018

Made

27th November 2018

Laid before Parliament

28th November 2018

Coming into force

19th December 2018

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 make the following Order in exercise of the powers conferred by section 2(2) of the European Communities Act 1972.

(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). By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c.51), regulations may be made under section 2(2) of the European Communities Act 1972 to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1993 (Cm 2073) and the Protocol adjusting the Agreement signed in Brussels on 17th March 1993 (Cm 2183). Section 2 was repealed by European Union (Withdrawal) Act 2018 c.16, section 1 (date to be appointed).

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