Regulation 36 Interpretation of this Part

United Kingdom

(1)

In this Part—

(a)

“relevant measure”, in relation to a third country credit institution, means—

(i)

a winding up;

(ii)

a provisional liquidation; F1...

(iii)

an administration order made under paragraph 13 of Schedule B1 to the 1986 Act F2, paragraph 14 of Schedule B1 to the 1989 Order, section 8(1) of the 1986 Act F3or Article 21(1) of the 1989 Order as the case may be; F4or

(iv)

the making of a stabilisation instrument.

(b)

“third country credit institution” means a person—

(i)

who has permission under the 2000 Act to accept deposits or to issue electronic money as the case may be; and

(ii)

whose head office is not in the United Kingdom F5....

(2)

In paragraph (1), the definition of “third country credit institution” must be read with—

(a)

section 22 of the 2000 Act;

(b)

any relevant order made under that section; and

(c)

Schedule 2 to that Act.

Annotations

Textual amendments

F1: Word in reg. 36(1)(a) omitted (10.1.2015) by virtue of The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 10(11)(a)
F2: Words in reg. 36(1)(a)(iii) substituted (6.4.2007) by The Credit Institutions (Reorganisation and Winding Up) (Amendment) Regulations 2007 (S.I. 2007/830), regs. 1, 2(17)(a)
F3: Words in reg. 36(1)(a)(iii) inserted (6.4.2007) by The Credit Institutions (Reorganisation and Winding Up) (Amendment) Regulations 2007 (S.I. 2007/830), regs. 1, 2(17)(b)
F4: Reg. 36(1)(a)(iv) and word added (10.1.2015) by The Bank Recovery and Resolution (No. 2) Order 2014 (S.I. 2014/3348), art. 1(2), Sch. 3 para. 10(11)(b)
F5: Words in reg. 36(1)(b)(ii) omitted (31.12.2020) by virtue of The Credit Institutions and Insurance Undertakings Reorganisation and Winding Up (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/38), regs. 1(3), 3(18); 2020 c. 1, Sch. 5 para. 1(1)