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Paragraph 6 The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014I1

(1)

The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014 are amended as follows.

(2)

In regulation 2 (interpretation), in paragraph (2) for “Order 2016 comes” substitute “ (Amendment) (EU Exit) Regulations 2018 come ”.

(3)

After regulation 8 insert—

“Valuation methodology: technical standards

8A

The Bank may make technical standards specifying the methodology for the assessments referred to in regulation 6(2) to (4).”.

(4)

In regulation 13 (review), omit paragraph (2).

Annotations

Commencement

I1

Sch. 4 para. 6 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)