Paragraph 6 Amendment of the Financial Services (Banking Reform) Act 2013

In section 17 of the Financial Services (Banking Reform) Act 2013 M1 (bail-in stabilisation option)—

(a)

in subsection (3)(e) for “bail-in administrator” substitute “ resolution administrator ”;

(b)

in subsection (5)—

(i)

omit the definition of “bail-in administrator”;

(ii)

after the definition of “company” insert—

““resolution administrator” is to be read in accordance with sections 62B to 62E of the Banking Act 2009.”.

Annotations

F1: Order revoked (14.12.2023 for the revocation of art. 227) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(x)