OpenLegislation

The Bank Recovery and Resolution Order 2014 (revoked)

S.I. 2014/3329 · Made 17 December 2014 · Extends to United Kingdom

Up to date with all changes known to legislation.gov.uk, revised to 29 August 2023.

Banks And Banking

Financial Services And Markets

Made 17th December 2014

Coming into force 1st January 2015

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Annotations to the whole text

Textual amendments

F1

Order revoked (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/779, reg. 3(b), Sch.

Contents

  1. 1Citation and commencement Repealed
  2. 2Introduction to amendments of the Banking Act Repealed
  3. 3Creation of Chapter 1 of Part 1 Repealed
  4. 4Overview of Part 1 Repealed
  5. 5Interpretation of Part 1 of the Banking Act 2009 Repealed
  6. 6Power to address impediments to the resolution of institutions and their groups Repealed
  7. 7Creation of Chapter 3 of Part 1 Repealed
  8. 8Special resolution objectives Repealed
  9. 9Code of practice Repealed
  10. 10Mandatory write-down, conversion, etc of capital instruments Repealed
  11. 11Valuation Repealed
  12. 12Exercise of stabilisation powers: general conditions Repealed
  13. 13Effect on other group members, financial stability in EU etc Repealed
  14. 14Specific conditions in section 8 Repealed
  15. 15Specific conditions: asset management vehicle Repealed
  16. 16Specific conditions: bail-in Repealed
  17. 17Specific conditions: temporary public ownership Repealed
  18. 18Bridge bank Repealed
  19. 19Asset management vehicle Repealed
  20. 20Bail-in option Repealed
  21. 21Conditions to be met when exercising bail-in option Repealed
  22. 22Bail-in administrators Repealed
  23. 23Temporary public ownership Repealed
  24. 24Effect of a transfer Repealed
  25. 25Continuity Repealed
  26. 26Share transfer instruments and orders: delisting Repealed
  27. 27Share transfer instruments: directors and senior managers Repealed
  28. 28Termination rights: share transfer instruments and orders Repealed
  29. 29Procedure: share transfer instruments Repealed
  30. 30Procedure: share transfer orders Repealed
  31. 31Supplemental share transfer instruments Repealed
  32. 32Meaning of “resolution company” Repealed
  33. 33Asset management vehicles: share transfers Repealed
  34. 34Asset management vehicles: reverse share transfer Repealed
  35. 35Property transfer instruments Repealed
  36. 36Directors Repealed
  37. 37Termination rights: property transfer instruments Repealed
  38. 38Foreign Property Repealed
  39. 39Property transfer instruments: delisting Repealed
  40. 40Property transfer instrument: procedure Repealed
  41. 41Transfer of property subsequent to resolution instrument Repealed
  42. 42Supplementary instruments Repealed
  43. 43Onward transfer Repealed
  44. 44Bridge bank: reverse property transfer Repealed
  45. 45Bail in: reverse property transfer Repealed
  46. 46Property transfer instruments: special bail-in provision Repealed
  47. 47Restriction of partial transfers Repealed
  48. 48Liabilities excluded from scope of special bail-in provision Repealed
  49. 49Meaning of “protected deposit” Repealed
  50. 50General interpretation of section 48B Repealed
  51. 51Business reorganisation plans Repealed
  52. 52Functions of bail-in administrators Repealed
  53. 53Powers in relation to securities Repealed
  54. 54Termination rights, etc: resolution instruments Repealed
  55. 55Resolution instruments: directors and senior managers Repealed
  56. 56Directions in or under resolution instrument Repealed
  57. 57Procedure: resolution instruments Repealed
  58. 58Supplemental resolution instruments Repealed
  59. 59Onward transfer Repealed
  60. 60Reverse transfer Repealed
  61. 61Replacement of provisional valuation Repealed
  62. 62Termination rights, etc Repealed
  63. 63Transfer to resolution company Repealed
  64. 64Onward and reverse transfers etc Repealed
  65. 65Independent valuer: compensation Repealed
  66. 66Resolution fund Repealed
  67. 67Third party compensation: mandatory provision Repealed
  68. 68Principle of no less favourable treatment Repealed
  69. 69Independent valuer: valuation under section 6E or 48X Repealed
  70. 70Resolution administrator Repealed
  71. 71General continuity obligation: property transfers Repealed
  72. 72Special continuity obligations: property transfers Repealed
  73. 73Continuity obligations: onward property transfers Repealed
  74. 74General continuity obligation: share transfers Repealed
  75. 75Contractual variation: share transfers Repealed
  76. 76Continuity obligations: onward share transfers Repealed
  77. 77Suspension powers Repealed
  78. 78Pensions Repealed
  79. 79Enforcement Repealed
  80. 80Disputes Repealed
  81. 81Tax Repealed
  82. 82International obligation notice: general Repealed
  83. 83International obligation notice: bridge bank Repealed
  84. 84Public funds: general Repealed
  85. 85Duty of Bank of England to notify Treasury Repealed
  86. 86Public funds: resolution company Repealed
  87. 87Resolution company: report Repealed
  88. 88Accounting information in reports Repealed
  89. 89Cases where mandatory write-down, conversion etc applies: banking group companies Repealed
  90. 90Groups: transfer to bridge bank etc Repealed
  91. 91Groups: transfer to asset management vehicle Repealed
  92. 92Groups: bail-in option Repealed
  93. 93Sections 81B and 81ZBA: supplemental Repealed
  94. 94Section 81BA: supplemental Repealed
  95. 95Interpretation: “banking group company” etc Repealed
  96. 96Holding companies Repealed
  97. 97Information and enforcement Repealed
  98. 98Creation of Chapter 5 of Part 1 Repealed
  99. 99Banks not regulated by PRA Repealed
  100. 100Building societies Repealed
  101. 101Investment firms Repealed
  102. 102Recognised central counterparties Repealed
  103. 103Third-country resolution proceedings Repealed
  104. 104Grounds for applying Repealed
  105. 105Notice to PRA of preliminary steps Repealed
  106. 106Notice to regulators and the Bank of England of preliminary steps Repealed
  107. 107Power to direct bank administrator Repealed
  108. 108Immunity Repealed
  109. 109State aid Repealed
  110. 110Statutory instruments Repealed
  111. 111Index of defined terms in the Banking Act Repealed
  112. 112Introduction to amendments of the Financial Services and Markets Act 2000 Repealed
  113. 113Consolidated supervision Repealed
  114. 114Discontinuance and suspension of listing Repealed
  115. 115Discontinuance of suspension: procedure Repealed
  116. 116Proceedings before Upper Tribunal Repealed
  117. 117Assessment: consultation by PRA with FCA Repealed
  118. 118Assessment procedure Repealed
  119. 119Requests for further information Repealed
  120. 120Rules requiring parent undertakings to facilitate resolution Repealed
  121. 121Power to impose penalty or issue censure Repealed
  122. 122Sanctions: procedure Repealed
  123. 123Corporation Tax Act 2009 Repealed
  124. 124Financial Services Act 2012 Repealed
  125. 125Amendment of Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009 Repealed
  126. 126Amendment of Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009 Repealed
  127. 127Amendment of the Banking Act 2009 (Banking Group Companies) Order 2014 Repealed
  128. 128Review Repealed
  129. Signature
  130. Explanatory note