Citation, commencement, extent and interpretation1

1

This Order may be cited as the Amendments of the Law (Resolution of Silicon Valley Bank UK Limited) (No. 2) Order 2023.

2

This Order comes into force on the day after the day on which it is made.

3

This Order extends to the United Kingdom.

4

In this Order—

  • “group” has the meaning given by section 421 of the Financial Services and Markets Act 20002;

  • “HSBC UK Bank plc” means the company incorporated on 23rd December 2015 with the company registered number 09928412;

  • “Silicon Valley Bank UK Limited” means the company incorporated on 3rd April 2020 with the company registered number 12546585;

  • “subsidiary undertaking” has the meaning given by section 420 of the Financial Services and Markets Act 20003;

  • “undertaking” has the meaning given by section 1161 of the Companies Act 20064.