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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 16 December 2016 - onwards
Version 2 of 2

Article 29 Resolution of UK branches of third-country institutions

(1) The Banking Act 2009 is amended as follows.

(2) In the Table in section 1(6) after the entry for sections 89H to 89J [Section 89J was inserted by S.I. 2014/3329, with sections 89H to 89M.], insert -

"Section 89JA

Resolution of UK branches of third-country institutions"

(3) In section 2, after subsection (9) insert -

"(10) Section 89JA applies this Part to UK branches of third-country institutions with modifications.".

(4) Section 75 [Section 75(5) was amended by section 101 of the Financial Services Act 2012 and S.I. 2013/504.] is amended as follows -

(a)

in subsection (5) -

(i) at the end of paragraph (cb) omit "or";

(ii) after paragraph (cb) insert -

"(cc) to third-country institutions,

(cd) to UK branches, or";