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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations bring sections 1 to 7 of the Bank Resolution (Recapitalisation) Act 2025 (“the Act”) into force on 16th July 2025.

Section 8 of the Act came into force upon the Act receiving Royal Assent on 15th May 2025, by virtue of section 4(b) of the Interpretation Act 1978 (c. 30).

The effect of these Regulations is to bring the Act into force in full.

No impact assessment has been produced for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.