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Chapter 1 Introduction (ss. 1-3) |
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1. Overview |
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2. Interpretation: "bank" |
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⚠ 3. Interpretation: other expressions |
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Chapter 2 Pre-resolution powers of the Bank of England (ss. 3A-3B) |
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3A. Removal of impediments to the exercise of stabilisation powers etc |
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3B. Safeguards relating to directions under section 3A |
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Chapter 3 Special resolution action (ss. 4-83) |
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Objectives and code (ss. 4-6) |
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⚠ 4. Special resolution objectives |
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⚠ 5. Code of practice |
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6. Code of practice: procedure |
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Mandatory write-down, conversion etc of capital instruments (ss. 6A-6D) |
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6A. Cases where mandatory write-down, conversion, etc applies |
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6B. Mandatory write-down, conversion, etc of capital instruments and liabilities |
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6C. Mandatory reduction instruments: implementation of requirements of section 6B |
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6D. Mandatory reduction instruments: supplementary matters |
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Valuation before mandatory write-down of capital or stabilisation action (s. 6E) |
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6E. Pre-resolution valuation |
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Exercise of powers: general (ss. 7-10) |
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7. General conditions |
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7A. Effect on other group members, financial stability in UK etc |
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⚠ 8. Specific Condition: private sector purchaser, bridge bank or asset management vehicle |
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8ZA. Specific conditions: asset management vehicle |
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8A. Specific condition: bail-in |
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9. Specific conditions: temporary public ownership |
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10. Banking Liaison Panel |
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The stabilisation options (ss. 11-13) |
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11. Private sector purchaser |
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11A. Private sector purchaser: marketing |
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12. Bridge bank |
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12ZA. Asset management vehicle |
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12A. Bail-in option |
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⚠ 12AA. Bail-in: sequence of write-down and conversion of capital instruments and liabilities |
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12B. Bail-in administrators |
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13. Temporary public ownership |
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Transfer of securities (ss. 14-32) |
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14. Interpretation: "securities" |
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⚠ 15. Share transfer instrument |
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16. Share transfer order |
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17. Effect |
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18. Continuity |
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19. Conversion and delisting |
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20. Directors and senior managers |
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21. Ancillary instruments: production, registration, &c. |
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22. Termination rights, &c. |
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23. Incidental provision |
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24. Procedure: instruments |
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25. Procedure: orders |
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26. Supplemental instruments |
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26ZA. Onward share transfer instruments |
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26A. Reverse share transfer instruments |
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27. Supplemental orders |
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28. Onward transfer |
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29. Reverse share transfer orders |
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29A. Interpretation: "resolution company" |
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30. Resolution company: share transfers |
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31. Resolution company: reverse share transfer |
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32. Interpretation: general |
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Transfer of property (ss. 33-48) |
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33. Property transfer instrument |
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34. Effect |
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35. Transferable property |
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36. Continuity |
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36A. Directors and senior managers |
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37. Licences |
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38. Termination rights, &c. |
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39. Foreign property |
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39A. Banks which are clearing houses |
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39B. Property transfer instrument: delisting |
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40. Incidental provision |
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41. Procedure |
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41A. Transfer of property subsequent to resolution instrument |
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42. Supplemental instruments |
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42A. Private sector purchaser: reverse property transfer |
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43. Onward transfer |
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44. Resolution company: reverse property transfer |
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44A. Bail in: reverse property transfer |
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44B. Property transfer instruments: special bail-in provision |
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44BA. Property transfer instruments and special bail-in provision: supplementary matters |
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44C. Report on special bail-in provision |
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44D. Bridge bank: supplemental property transfer powers |
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44E. Bridge bank: supplemental reverse property transfer powers |
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45. Temporary public ownership: property transfer |
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46. Temporary public ownership: reverse property transfer |
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47. Restriction of partial transfers |
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48. Power to protect certain interests |
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48A. Creation of liabilities |
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Bail-in option (ss. 48B-48W) |
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48B. Special bail-in provision |
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48C. Meaning of "protected deposit" |
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48D. General interpretation of section 48B |
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48E. Report on special bail-in provision |
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48F. Power to amend definition of "excluded liabilities" |
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48G. Priority between creditors |
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48H. Business reorganisation plans |
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48I. Bail-in administrator: further functions |
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48J. Bail-in administrator: supplementary |
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48K. Bail-in administrator: money |
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48L. Powers in relation to securities |
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48M. Termination rights, etc |
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48N. Directors and senior managers |
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48O. Directions in or under resolution instrument |
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48P. Orders for safeguarding certain financial arrangements |
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48Q. Continuity |
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48R. Execution and registration of instruments etc |
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48S. Resolution instruments: general matters |
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48T. Procedure |
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48U. Supplemental resolution instruments |
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48V. Onward transfer |
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48W. Reverse transfer |
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48WA. Bail-in option: recovery of expenses |
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Replacement of provisional valuation (ss. 48X-48Y) |
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48X. Replacement of Bank's provisional valuation |
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48Y. Consequences of a replacement valuation |
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Termination rights etc (s. 48Z) |
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48Z. Termination rights etc |
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Compensation (ss. 49-62) |
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49. Orders |
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50. Sale to private sector purchaser |
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51. Transfer to temporary public ownership |
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52. Transfer to resolution company |
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52A. Bail-in option |
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53. Onward and reverse transfers etc |
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54. Independent valuer: compensation scheme order or bail-in compensation order |
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55. Independent valuer: supplemental |
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56. Independent valuer: money |
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⚠ 57. Valuation principles |
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⚠ 58. Resolution fund |
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59. Third party compensation: discretionary provision |
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60. Third party compensation: mandatory provision |
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60A. Further mandatory provision: bail-in provision |
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60B. Principle of no less favourable treatment |
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61. Sources of compensation |
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62. Procedure |
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Independent valuer: valuation under section 6E or 48X (s. 62A) |
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62A. Independent valuer: sections 6E and 48X |
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Resolution administrator (ss. 62B-62E) |
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62B. Resolution administrator |
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62C. Resolution administrator: further functions |
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62D. Resolution administrator: supplementary |
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62E. Resolution administrator: money |
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Incidental functions (ss. 63-75) |
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63. General continuity obligation: property transfers |
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64. Special continuity obligations: property transfers |
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65. Continuity obligations: onward property transfers |
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66. General continuity obligation: share transfers |
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67. Special continuity obligations: share transfers |
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68. Continuity obligations: onward share transfers |
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69. Continuity obligations: consideration and terms |
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70. Continuity obligations: termination |
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70A. Suspension of obligations |
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70B. Restriction of security interests |
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70C. Suspension of termination rights |
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70D. Suspension: general provisions |
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71. Pensions |
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72. Enforcement |
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73. Disputes |
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74. Tax |
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75. Power to change law |
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Treasury (ss. 76-81) |
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76. International obligation notice: general |
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77. International obligation notice: resolution company |
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78. Public funds: general |
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⚠ 78A. Pre-conditions for financial assistance: duty of Bank to give information |
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79. Public funds: resolution company |
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79A. Private sector purchaser: report |
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80. Resolution company: report |
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80A. Transfer for bail-in purposes: report |
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81. Temporary public ownership: report |
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81A. Accounting information to be included in reports under sections 80, 80A(2)(b) and 81 |
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Groups (ss. 81AA-83) |
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81AA. Cases where mandatory write-down, conversion etc applies: banking group companies |
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81B. Sale to commercial purchaser and transfer to bridge bank |
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81ZZBA. Sale to commercial purchaser and transfer to bridge bank: supplemental powers in relation to certain holding companies |
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81ZZBB. Assessment of conditions for section 81ZZBA |
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81ZBA. Transfer to asset management vehicle |
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81ZBB. Transfer to asset management vehicle: supplemental powers in relation to certain holding companies |
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81ZBC. Assessment of conditions for section 81ZBB |
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81BA. Bail-in option |
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81BB. Bail-in option: supplemental powers in relation to certain holding companies |
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81BC. Assessment of conditions for section 81BB |
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81C. Sections 81AA to 81ZBB: supplemental |
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81CA. Section 81BA and Section 81BB: supplemental |
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81D. Interpretation: "banking group company" &c. |
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82. Temporary public ownership |
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83. Supplemental |
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Chapter 4 Information, investigation and enforcement (ss. 83ZA-83Z2) |
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Powers to gather information (ss. 83ZA-83ZB) |
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83ZA. Information |
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83ZB. Reports by skilled persons |
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Appointment of investigators (ss. 83ZC-83ZE) |
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83ZC. Appointment of persons to carry out general investigations |
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83ZD. Appointment of person to carry out investigations in particular cases |
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83ZE. Investigations etc in support of foreign resolution authorities |
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Conduct of investigations (ss. 83ZF-83ZI) |
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83ZF. Investigations: general |
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83ZG. Powers of persons appointed under section 83ZC |
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83ZH. Powers of persons appointed as a result of section 83ZD |
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83ZI. Admissibility of statements made to investigators |
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Information and documents: supplemental provision (ss. 83ZJ-83ZP) |
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83ZJ. Information and documents: supplemental provision |
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83ZK. Protected items |
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83ZL. Entry of premises under warrant |
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83ZM. Retention of documents obtained under section 83ZL |
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83ZN. Offences etc |
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83ZO. Prosecution of offences under section 83ZN |
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83ZP. Offences under section 83ZN by bodies corporate etc |
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Enforcement of relevant requirements (ss. 83ZQ-83Z1) |
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83ZQ. Injunctions: prevent failure to comply with relevant requirement |
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83ZR. Regulatory sanctions |
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83ZS. Determination of sanctions |
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83ZT. Procedure: warning notice |
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83ZU. Procedure: decision notice |
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83ZV. Procedure: general |
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83ZW. Appeal |
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83ZX. Injunctions: failure to comply with certain section 83ZR sanctions |
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83ZY. Publication |
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83ZZ. Co-operation |
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83Z1. Delegation of enforcement functions |
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Enforcement of share transfer orders (s. 83Z2) |
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83Z2. Enforcement: share transfer orders |
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Chapter 5 Special cases (ss. 83A-89G) |
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Banks not regulated by PRA (s. 83A) |
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83A. Modifications of Part |
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Building societies, &c. (ss. 84-89) |
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84. Application of Part 1: general |
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84ZA. Bridge bank: share transfer instruments |
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84A. Bail-in option: building societies |
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84B. Further provision: conversion of building society into company. |
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84C. Further provision: transfer of business of building society to company |
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84D. Transfer to a bridge bank or bail-in option: modifications of this Act and other legislation |
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85. Temporary public ownership |
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86. Distribution of assets on dissolution or winding up |
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87. Interpretation |
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88. Consequential provision |
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89. Credit unions |
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Investment firms (s. 89A) |
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89A. Application to investment firms |
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Recognised central counterparties (ss. 89B-89G) |
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89B. Application to recognised central counterparties |
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89C. Recognised central counterparty rules |
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89D. Recognised central counterparty membership |
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89E. Recognition of transferee company |
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89F. Recognised central counterparty compensation orders |
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89G. Interpretation: "Recognised central counterparty" &c. |
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Chapter 6 Third-country resolution actions (ss. 89H-89J) |
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Third-country resolution actions (ss. 89H-89J) |
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89H. Recognition of third-country resolution actions |
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89I. Effect of recognition of third-country resolution action by Bank of England |
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89J. Third-country instruments: supplementary provision |
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Chapter 6A Resolution of UK branches of third-country institutions (s. 89JA.) |
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89JA. Resolution of UK branches of third-country institutions |
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Chapter 7 General provisions (ss. 89K-89M) |
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89K. Insolvency Proceedings |
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89L. Restrictions on disclosure of confidential information |
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89M. Giving of notices, documents etc under Part 1 |
