(1) In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply.
(2) In this section -
"FCA-regulated bank" means a bank which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000;
"immediate group" has the meaning given by section 421ZA of the Financial Services and Markets Act 2000;
"PRA-authorised person" has the meaning given by section 2B(5) of that Act.
Table of Modifications
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Modification |
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Treat the definition of "normal insolvency proceedings" in subsection (1) as including investment bank special administration established by the Investment Bank Special Administration Regulations 2011 (S.I. 2011/245). |
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Section 6A [Sections 6A to 6C are inserted by article 10 of this Order.] |
Treat the reference to the PRA in subsections (3)(a) and (7) as references to the FCA. |
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Subsection (6)(a) does not apply unless the bank has as |