Article 5 Interpretation

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

rule 5(e)(ea) substituted for rule 5(e) by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 161(b)
Rules words substituted by Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) 2013 Sch. 2 para. 161(e)
rule 5(b) word omitted by Bank Administration 2010 rule 4(a)
rule 5(c) full stop omitted by Bank Administration 2010 rule 4(b)
rule 5(d)-(g) inserted by Bank Administration 2010 rule 4(c)

In these Rules—

(a)

“the FSCS” means the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000^f1);

(b)

“the Objective 1 Stage” means the period during which a bank administration order is in force before the Bank of England gives an Objective 1 Achievement Notice; and

(c)

“the Objective 2 Stage” means the period during which a bank administration order is in force after the Bank of England gives an Objective 1 Achievement Notice.

Annotations

Footnotes

f1: 2000 c.8.