Schedule 17, Part 1 Amendments of Part 1 of the Act

Section 106.

1 Part 1 of the Banking Act 2009 is amended as follows.

2

(1) Section 1 (overview) is amended as follows.

(2) In subsection (5), for paragraph (c) and the "and" before it, substitute  -

"(c) the Prudential Regulation Authority, and

(d) the Financial Conduct Authority."

(3) In the Table, after the entry relating to sections 82 and 83, insert  -

"Section 83A

Banks not regulated by the PRA".

3 In section 2 (interpretation: "bank"), for "Part 4" substitute "Part 4A".

4 In section 3 (interpretation: other expressions), for the definition of "the FSA" and the "and" following it, substitute  -

"the PRA" means the Prudential Regulation Authority,

"the FCA" means the Financial Conduct Authority, and".

5 In section 4 (special resolution objectives), in subsection (3), for paragraph (b) and the "and" following it, substitute  -

"(b) the PRA,

(ba) the FCA, and".

6 In section 5 (code of practice), in subsection (5), for paragraph (b) and the "and" following it, su

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