Section 261 Index of defined termsI1
United Kingdom
The Table sets out expressions defined in this Act for general purposes.
| Expression | Section |
|---|---|
| Action | 93 and 166 |
| F1Additional Tier 1 instruments (in Part 1) | 3 |
| F2Bail-in compensation order | 49 |
| F3bail in liabilities | 3 |
| Bank (Part 1) | 2 |
| Bank (Part 2) | 91 |
| Bank administration | 136 |
| Bank administration order | 141 |
| Bank insolvency | 90 |
| Bank insolvency order | 94 |
| F4Bank of England | 256B |
| F5Banking group company | 81D |
| Bridge bank | 12 |
| Bridge bank reverse share transfer instrument | 31 |
| Bridge bank share transfer instrument | 30 |
| F6Bridge bank supplemental property transfer instrument | 44D |
| Bridge bank supplemental reverse property transfer instrument | 44E |
| the capital requirements regulation (in Part 1) | 3 |
| F7. . . | . . . |
| F8Client assets (Part 1) | 3 |
| Common Equity Tier 1 instruments (in Part 1) | 3 |
| Compensation scheme order | 49 |
| The court (Part 2) | 92 |
| The court (Part 3) | 166 |
| critical functions (in Part 1) | 3 |
| Eligible depositors | 93 |
| eligible liabilities | 3 |
| Enactment | 258 |
| extraordinary public financial support (in Part 1) | 3 |
| F9FCA | 3, 93, 166 F10, 183 & 206F |
| F11. . . | . . . |
| F12FSCS (in Part 1) | 3 |
| FSCS (in Part 2) | 93 |
| Fair | 93 |
| Financial assistance | 257 |
| Financial institution | 230 |
| Full payment resolution | 100 |
| Independent valuer | 54 |
| F13. . . | . . . |
| F14Investment firm | 258A |
| Liquidation committee | 100 |
| mandatory reduction instrument | 6B |
| F15Normal insolvency proceedings (in Part 1) | 3 |
| Objective 1 Achievement Notice | 139 |
| Onward bridge bank | 12 |
| Onward property transfer instrument | 43 |
| Onward share transfer instrument | 26ZA |
| Onward share transfer order | 28 |
| own funds (in Part 1) | 3 |
| own funds requirements (in Part 1) | 3 |
| Partial property transfer | 47 |
| F16Payment system | 182 |
| F17Payment Systems Regulator | 183 F18& 206F |
| F19. . . | . . . |
| F20PRA | 3, 93, 166 F21, 183 & 206F |
| F22Private sector reverse property transfer instrument | 42A |
| Property transfer instrument | 33 |
| Property transfer order | 45 |
| Prudential Regulation Authority | 256B |
| F23. . . | . . . |
| the recovery and resolution directive (in Part 1) | 3 |
| relevant capital instruments (in Part 1) | 3 |
| relevant internal liabilities | 3 |
| resolution company | 29A |
| resolution entity | 3 |
| Resolution fund order | 49 |
| resolution group | 3 |
| Resolution instrument | 12A |
| Reverse property transfer instrument | 44 |
| Reverse property transfer order | 46 |
| F24F25... reverse share transfer instrument | 26A |
| Reverse share transfer order | 29 |
| Securities | 14 |
| Share transfer instrument | 15 |
| Share transfer order | 16 |
| Special bail-in provision | 48B |
| Special resolution regime | 1 |
| Special resolution objectives | 4 |
| Stabilisation options | 1 |
| Stabilisation powers | 1 |
| Supplemental property transfer instrument | 42 |
| Supplemental share transfer instrument or order | 26 & 27 |
| third-country instrument | 89I |
| Third party compensation order | 49 & 59 |
| Tier 2 instruments (in Part 1) | 3 |
| Unable to pay debts | 93 & 166 |
| F26. . . | . . . |
Annotations
Textual amendments
- F1
Words in s. 261 inserted (1.1.2015) by The Bank Recovery and Resolution Order 2014 (S.I. 2014/3329), arts. 1(2), 111
- F2
Words in s. 261 inserted (31.12.2014) by Financial Services (Banking Reform) Act 2013 (c. 33), s. 148(5), Sch. 2 para. 32; S.I. 2014/3160, art. 2(1)(b)
- F3
Words in s. 261 inserted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 25
- F4
Words in s. 261 inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 63 (with Sch. 3); S.I. 2017/43, reg. 2(g)
- F5
Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 100(7), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(c); S.I. 2014/1847, art. 2
- F6
Words in s. 261 inserted (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(a)
- F7
Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(a) (with regs. 52-58)
- F8
Words in s. 261 inserted (1.1.2015) by Financial Services Act 2012 (c. 21), ss. 96(6), 122(3) (with Sch. 20); S.I. 2014/3323, art. 2
- F9
Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
- F10
Words in s. 261 substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(a)
- F11
Words in s. 261 omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
- F12
Words in s. 261 Table substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 56(2); 2020 c. 1, Sch. 5 para. 1(1)
- F13
Words in s. 261 omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(a)
- F14
Words in s. 261 inserted (5.6.2014 for specified purposes, 1.8.2014 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 101(9), 122(3) (with Sch. 20); S.I. 2014/1447, art. 2(f); S.I. 2014/1847, art. 2
- F15
Words in s. 261 Table inserted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 1 para. 56(3); 2020 c. 1, Sch. 5 para. 1(1)
- F16
Words in s. 261 inserted (27.6.2017) by Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 30(b)
- F17
Words in s. 261 inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 2(29)
- F18
Words in s. 261 inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(b)
- F19
Words in s. 261 omitted (31.12.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 162(8)(a); S.I. 2023/1382, reg. 8(b) (with reg. 14)
- F20
Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 17 para. 62(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
- F21
Words in s. 261 substituted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(d), Sch. 9 para. 12(c)
- F22
Words in s. 261 inserted (1.4.2013) by Financial Services Act 2012 (c. 21), ss. 97(11), 122(3) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
- F23
Words in s. 261 omitted (31.12.2023) by virtue of Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 11 para. 162(8)(b); S.I. 2023/1382, reg. 8(b) (with reg. 14)
- F24
Words in s. 261 omitted (16.12.2016) by virtue of The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(i)
- F25
Words in s. 261 moved (16.12.2016) by The Bank Recovery and Resolution Order 2016 (S.I. 2016/1239), arts. 1(2), 27(b)(ii)
- F26
Words in s. 261 omitted (1.4.2013) by virtue of The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 25(6)(c) (with regs. 52-58)
Commencement
- I1
S. 261 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 16