Paragraph 2 The Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009

after the definition of “the Act” insert—

• ““Annex 1 activity” has the meaning given in point (26A) of Article 4.1 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26th June 2013 on prudential requirements for credit institutions and investment firms;”;

omit the definition of “capital requirements directive”;

in the definition of “excluded rights”, in paragraphs (c) and (d), for “an activity referred to in Annex I to the capital requirements directive” in both cases substitute “an Annex 1 activity”;

in the definition of “financial instrument” in paragraph (a) for the words from “Section C” to “Instruments Directive” substitute “Part 1 of Schedule 2 to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001”;

omit the definition of “Markets in Financial Instruments Directive”;

in the definition of “transferable securities” for the words from “Article 4.44” to the end substitute “point (24) of Article 2.1 of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Regulation (EU) No 648/2012^f1”;