Regulation 2 Interpretation

In these Regulations—

• “the Act” means the Banking Act 2009;

• “the Bank” means the Bank of England;

• “banking institution” means—

  1. (a)

     a bank M1;

  2. (b)

     a building society (within the meaning of section 119 of the Building Societies Act 1986) M2;

  3. (c)

     an investment firm M3);

  4. (d)

     a banking group company;

  5. (e)

     F1a third-country institution (within the meaning of section 89JA of the Act (resolution of UK branches of third-country institutions)).

• “Case 1”, “Case 2”, “Case 3” and “Case 4” have the meanings given in regulation 3;

• “initial instrument” has the meaning given in regulation 6(6);

• “relevant banking institution” has the meaning given in regulation 6(6);

• “relevant persons” has the meaning given in regulation 5(2);

References to sections of the Act include, as the context requires, those sections F2as applied with or without modifications by that Act as that Act has effect on the day on which the Bank Recovery and Resolution F3(Amendment) (EU Exit) Regulations 2018 come into force.

In these Regulations, “relevant compensation order” means—