Bank Recovery and Resolution Order 2014 [SI 2014 No. 3329]

Version status: Revoked | Document consolidation status: Updated to reflect all known changes

Published date: 17 December 2014

Consolidation Status: Updated to reflect all known changes

Comparing proposed amendment...


	Introductory Text
Revoked	Article 1 Citation and commencement
Revoked	Article 2 Introduction to amendments of the Banking Act
Revoked	Article 3 Creation of Chapter 1 of Part 1
Revoked	Article 4 Overview of Part 1
Revoked	Article 5 Interpretation of Part 1 of the Banking Act 2009
Revoked	Article 6 Power to address impediments to the resolution of institutions and their groups
Revoked	Article 7 Creation of Chapter 3 of Part 1
Revoked	Article 8 Special resolution objectives
Revoked	Article 9 Code of practice
Revoked	Article 10 Mandatory write-down, conversion, etc of capital instruments
Revoked	Article 11 Valuation
Revoked	Article 12 Exercise of stabilisation powers: general conditions
Revoked	Article 13 Effect on other group members, financial stability in EU etc
Revoked	Article 14 Specific conditions in section 8
Revoked	Article 15 Specific conditions: asset management vehicle
Revoked	Article 16 Specific conditions: bail-in
Revoked	Article 17 Specific conditions: temporary public ownership
Revoked	Article 18 Bridge bank
Revoked	Article 19 Asset management vehicle
Revoked	Article 20 Bail-in option
Revoked	Article 21 Conditions to be met when exercising bail-in option
Revoked	Article 22 Bail-in administrators
Revoked	Article 23 Temporary public ownership
Revoked	Article 24 Effect of a transfer
Revoked	Article 25 Continuity
Revoked	Article 26 Share transfer instruments and orders: delisting
Revoked	Article 27 Share transfer instruments: directors and senior managers
Revoked	Article 28 Termination rights: share transfer instruments and orders
Revoked	Article 29 Procedure: share transfer instruments
Revoked	Article 30 Procedure: share transfer orders
Revoked	Article 31 Supplemental share transfer instruments
Revoked	Article 32 Meaning of "resolution company"
Revoked	Article 33 Asset management vehicles: share transfers
Revoked	Article 34 Asset management vehicles: reverse share transfer
Revoked	Article 35 Property transfer instruments
Revoked	Article 36 Directors
Revoked	Article 37 Termination rights: property transfer instruments
Revoked	Article 38 Foreign Property
Revoked	Article 39 Property transfer instruments: delisting
Revoked	Article 40 Property transfer instrument: procedure
Revoked	Article 41 Transfer of property subsequent to resolution instrument
Revoked	Article 42 Supplementary instruments
Revoked	Article 43 Onward transfer
Revoked	Article 44 Bridge bank: reverse property transfer
Revoked	Article 45 Bail in: reverse property transfer
Revoked	Article 46 Property transfer instruments: special bail-in provision
Revoked	Article 47 Restriction of partial transfers
Revoked	Article 48 Liabilities excluded from scope of special bail-in provision
Revoked	Article 49 Meaning of "protected deposit"
Revoked	Article 50 General interpretation of section 48B
Revoked	Article 51 Business reorganisation plans
Revoked	Article 52 Functions of bail-in administrators
Revoked	Article 53 Powers in relation to securities
Revoked	Article 54 Termination rights, etc: resolution instruments
Revoked	Article 55 Resolution instruments: directors and senior managers
Revoked	Article 56 Directions in or under resolution instrument
Revoked	Article 57 Procedure: resolution instruments
Revoked	Article 58 Supplemental resolution instruments
Revoked	Article 59 Onward transfer
Revoked	Article 60 Reverse transfer
Revoked	Article 61 Replacement of provisional valuation
Revoked	Article 62 Termination rights, etc
Revoked	Article 63 Transfer to resolution company
Revoked	Article 64 Onward and reverse transfers etc
Revoked	Article 65 Independent valuer: compensation
Revoked	Article 66 Resolution fund
Revoked	Article 67 Third party compensation: mandatory provision
Revoked	Article 68 Principle of no less favourable treatment
Revoked	Article 69 Independent valuer: valuation under section 6E or 48X
Revoked	Article 70 Resolution administrator
Revoked	Article 71 General continuity obligation: property transfers
Revoked	Article 72 Special continuity obligations: property transfers
Revoked	Article 73 Continuity obligations: onward property transfers
Revoked	Article 74 General continuity obligation: share transfers
Revoked	Article 75 Contractual variation: share transfers
Revoked	Article 76 Continuity obligations: onward share transfers
Revoked	Article 77 Suspension powers
Revoked	Article 78 Pensions
Revoked	Article 79 Enforcement
Revoked	Article 80 Disputes
Revoked	Article 81 Tax
Revoked	Article 82 International obligation notice: general
Revoked	Article 83 International obligation notice: bridge bank
Revoked	Article 84 Public funds: general
Revoked	Article 85 Duty of Bank of England to notify Treasury
Revoked	Article 86 Public funds: resolution company
Revoked	Article 87 Resolution company: report
Revoked	Article 88 Accounting information in reports
Revoked	Article 89 Cases where mandatory write-down, conversion etc applies: banking group companies
Revoked	Article 90 Groups: transfer to bridge bank etc
Revoked	Article 91 Groups: transfer to asset management vehicle
Revoked	Article 92 Groups: bail-in option
Revoked	Article 93 Sections 81B and 81ZBA: supplemental
Revoked	Article 94 Section 81BA: supplemental
Revoked	Article 95 Interpretation: "banking group company" etc
Revoked	Article 96 Holding companies
Revoked	Article 97 Information and enforcement
Revoked	Article 98 Creation of Chapter 5 of Part 1
Revoked	Article 99 Banks not regulated by PRA
Revoked	Article 100 Building societies
Revoked	Article 101 Investment firms
Revoked	Article 102 Recognised central counterparties
Revoked	Article 103 Third-country resolution proceedings
Revoked	Article 104 Grounds for applying
Revoked	Article 105 Notice to PRA of preliminary steps
Revoked	Article 106 Notice to regulators and the Bank of England of preliminary steps
Revoked	Article 107 Power to direct bank administrator
Revoked	Article 108 Immunity
Revoked	Article 109 State aid
Revoked	Article 110 Statutory instruments
Revoked	Article 111 Index of defined terms in the Banking Act
Revoked	Article 112 Introduction to amendments of the Financial Services and Markets Act 2000
Revoked	Article 113 Consolidated supervision
Revoked	Article 114 Discontinuance and suspension of listing
Revoked	Article 115 Discontinuance of suspension: procedure
Revoked	Article 116 Proceedings before Upper Tribunal
Revoked	Article 117 Assessment: consultation by PRA with FCA
Revoked	Article 118 Assessment procedure
Revoked	Article 119 Requests for further information
Revoked	Article 120 Rules requiring parent undertakings to facilitate resolution
Revoked	Article 121 Power to impose penalty or issue censure
Revoked	Article 122 Sanctions: procedure
Revoked	Article 123 Corporation Tax Act 2009
Revoked	Article 124 Financial Services Act 2012
Revoked	Article 125 Amendment of Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009
Revoked	Article 126 Amendment of Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009
Revoked	Article 127 Amendment of the Banking Act 2009 (Banking Group Companies) Order 2014
Revoked	Article 128 Review
	Signature
	Explanatory Note
	Explanatory Memorandum
	Impact Assessment

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