{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014.json",
  "id": "ukdsi/2014/9780111123782",
  "title": "The Bank Recovery and Resolution Order 2014",
  "short_title": "Bank Recovery and Resolution 2014",
  "long_title": "This Order implements in part Directive 2014/59/EU of the European Parliament and of the Council of 15th May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms (“RRD”) (OJ L173, 12.6.2014, p.190). The RRD requires EEA states to have powers to manage the failure of credit institutions and investment firms and their group companies (“banks”) as an alternative to insolvency, in order to ensure that critical functions continue to be performed.",
  "citation": "Draft 2014, ISBN 9780111123782",
  "type": "ukdsi",
  "year": "2014",
  "number": "9780111123782",
  "version": "current",
  "date": null,
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Introduction to amendments of the Banking Act",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Creation of Chapter 1 of Part 1",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Overview of Part 1",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Interpretation of Part 1 of the Banking Act 2009",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-5",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Power to address impediments to the resolution of institutions and their groups",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-6",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Creation of Chapter 3 of Part 1",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-7",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Special resolution objectives",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-8",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Code of practice",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-9",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Mandatory write-down, conversion, etc of capital instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-10",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "Valuation",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-11",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "Exercise of stabilisation powers: general conditions",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-12",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "Effect on other group members, financial stability in EU etc",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-13",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Specific conditions in section 8",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-14",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Specific conditions: asset management vehicle",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-15",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Specific conditions: bail-in",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-16",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Specific conditions: temporary public ownership",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-17",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Bridge bank",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-18",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Asset management vehicle",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-19",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/20",
      "kind": "article",
      "number": "20",
      "heading": "Bail-in option",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-20",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Conditions to be met when exercising bail-in option",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-21",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/22",
      "kind": "article",
      "number": "22",
      "heading": "Bail-in administrators",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-22",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/23",
      "kind": "article",
      "number": "23",
      "heading": "Temporary public ownership",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-23",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/24",
      "kind": "article",
      "number": "24",
      "heading": "Effect of a transfer",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-24",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/25",
      "kind": "article",
      "number": "25",
      "heading": "Continuity",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-25",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/26",
      "kind": "article",
      "number": "26",
      "heading": "Share transfer instruments and orders: delisting",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-26",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/27",
      "kind": "article",
      "number": "27",
      "heading": "Share transfer instruments: directors and senior managers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-27",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/28",
      "kind": "article",
      "number": "28",
      "heading": "Termination rights: share transfer instruments and orders",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-28",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/29",
      "kind": "article",
      "number": "29",
      "heading": "Procedure: share transfer instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-29",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/30",
      "kind": "article",
      "number": "30",
      "heading": "Procedure: share transfer orders",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-30",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/31",
      "kind": "article",
      "number": "31",
      "heading": "Supplemental share transfer instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-31",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/32",
      "kind": "article",
      "number": "32",
      "heading": "Meaning of “resolution company”",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-32",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/33",
      "kind": "article",
      "number": "33",
      "heading": "Asset management vehicles: share transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-33",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/34",
      "kind": "article",
      "number": "34",
      "heading": "Asset management vehicles: reverse share transfer",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-34",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/35",
      "kind": "article",
      "number": "35",
      "heading": "Property transfer instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-35",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/36",
      "kind": "article",
      "number": "36",
      "heading": "Directors",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-36",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/37",
      "kind": "article",
      "number": "37",
      "heading": "Termination rights: property transfer instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-37",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/38",
      "kind": "article",
      "number": "38",
      "heading": "Foreign Property",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-38",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/39",
      "kind": "article",
      "number": "39",
      "heading": "Property transfer instruments: delisting",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-39",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/40",
      "kind": "article",
      "number": "40",
      "heading": "Property transfer instrument: procedure",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-40",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/41",
      "kind": "article",
      "number": "41",
      "heading": "Transfer of property subsequent to resolution instrument",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-41",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/42",
      "kind": "article",
      "number": "42",
      "heading": "Supplementary instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-42",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/43",
      "kind": "article",
      "number": "43",
      "heading": "Onward transfer",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-43",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/44",
      "kind": "article",
      "number": "44",
      "heading": "Bridge bank: reverse property transfer",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-44",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/45",
      "kind": "article",
      "number": "45",
      "heading": "Bail in: reverse property transfer",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-45",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/46",
      "kind": "article",
      "number": "46",
      "heading": "Property transfer instruments: special bail-in provision",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-46",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/47",
      "kind": "article",
      "number": "47",
      "heading": "Restriction of partial transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-47",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/48",
      "kind": "article",
      "number": "48",
      "heading": "Liabilities excluded from scope of special bail-in provision",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-48",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/49",
      "kind": "article",
      "number": "49",
      "heading": "Meaning of “protected deposit”",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-49",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/50",
      "kind": "article",
      "number": "50",
      "heading": "General interpretation of section 48B",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-50",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/51",
      "kind": "article",
      "number": "51",
      "heading": "Business reorganisation plans",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-51",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/52",
      "kind": "article",
      "number": "52",
      "heading": "Functions of bail-in administrators",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-52",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/53",
      "kind": "article",
      "number": "53",
      "heading": "Powers in relation to securities",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-53",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/54",
      "kind": "article",
      "number": "54",
      "heading": "Termination rights, etc: resolution instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-54",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/55",
      "kind": "article",
      "number": "55",
      "heading": "Resolution instruments: directors and senior managers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-55",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/56",
      "kind": "article",
      "number": "56",
      "heading": "Directions in or under resolution instrument",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-56",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/57",
      "kind": "article",
      "number": "57",
      "heading": "Procedure: resolution instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-57",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/58",
      "kind": "article",
      "number": "58",
      "heading": "Supplemental resolution instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-58",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/59",
      "kind": "article",
      "number": "59",
      "heading": "Onward transfer",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-59",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/60",
      "kind": "article",
      "number": "60",
      "heading": "Reverse transfer",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-60",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/61",
      "kind": "article",
      "number": "61",
      "heading": "Replacement of provisional valuation",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-61",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/62",
      "kind": "article",
      "number": "62",
      "heading": "Termination rights, etc",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-62",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/63",
      "kind": "article",
      "number": "63",
      "heading": "Transfer to resolution company",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-63",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/64",
      "kind": "article",
      "number": "64",
      "heading": "Onward and reverse transfers etc",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-64",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/65",
      "kind": "article",
      "number": "65",
      "heading": "Independent valuer: compensation",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-65",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/66",
      "kind": "article",
      "number": "66",
      "heading": "Resolution fund",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-66",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/67",
      "kind": "article",
      "number": "67",
      "heading": "Third party compensation: mandatory provision",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-67",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/68",
      "kind": "article",
      "number": "68",
      "heading": "Principle of no less favourable treatment",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-68",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/69",
      "kind": "article",
      "number": "69",
      "heading": "Independent valuer: valuation under section 6E or 48X",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-69",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/70",
      "kind": "article",
      "number": "70",
      "heading": "Resolution administrator",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-70",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/71",
      "kind": "article",
      "number": "71",
      "heading": "General continuity obligation: property transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-71",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/72",
      "kind": "article",
      "number": "72",
      "heading": "Special continuity obligations: property transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-72",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/73",
      "kind": "article",
      "number": "73",
      "heading": "Continuity obligations: onward property transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-73",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/74",
      "kind": "article",
      "number": "74",
      "heading": "General continuity obligation: share transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-74",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/75",
      "kind": "article",
      "number": "75",
      "heading": "Contractual variation: share transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-75",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/76",
      "kind": "article",
      "number": "76",
      "heading": "Continuity obligations: onward share transfers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-76",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/77",
      "kind": "article",
      "number": "77",
      "heading": "Suspension powers",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-77",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/78",
      "kind": "article",
      "number": "78",
      "heading": "Pensions",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-78",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/79",
      "kind": "article",
      "number": "79",
      "heading": "Enforcement",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-79",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/80",
      "kind": "article",
      "number": "80",
      "heading": "Disputes",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-80",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/81",
      "kind": "article",
      "number": "81",
      "heading": "Tax",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-81",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/82",
      "kind": "article",
      "number": "82",
      "heading": "International obligation notice: general",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-82",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/83",
      "kind": "article",
      "number": "83",
      "heading": "International obligation notice: bridge bank",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-83",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/84",
      "kind": "article",
      "number": "84",
      "heading": "Public funds: general",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-84",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/85",
      "kind": "article",
      "number": "85",
      "heading": "Duty of Bank of England to notify Treasury",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-85",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/86",
      "kind": "article",
      "number": "86",
      "heading": "Public funds: resolution company",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-86",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/87",
      "kind": "article",
      "number": "87",
      "heading": "Resolution company: report",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-87",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/88",
      "kind": "article",
      "number": "88",
      "heading": "Accounting information in reports",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-88",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/89",
      "kind": "article",
      "number": "89",
      "heading": "Cases where mandatory write-down, conversion etc applies: banking group companies",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-89",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/90",
      "kind": "article",
      "number": "90",
      "heading": "Groups: transfer to bridge bank etc",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-90",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/91",
      "kind": "article",
      "number": "91",
      "heading": "Groups: transfer to asset management vehicle",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-91",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/92",
      "kind": "article",
      "number": "92",
      "heading": "Groups: bail-in option",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-92",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/93",
      "kind": "article",
      "number": "93",
      "heading": "Sections 81B and 81ZBA: supplemental",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-93",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/94",
      "kind": "article",
      "number": "94",
      "heading": "Section 81BA: supplemental",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-94",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/95",
      "kind": "article",
      "number": "95",
      "heading": "Interpretation: “banking group company” etc",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-95",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/96",
      "kind": "article",
      "number": "96",
      "heading": "Holding companies",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-96",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/97",
      "kind": "article",
      "number": "97",
      "heading": "Information and enforcement",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-97",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/98",
      "kind": "article",
      "number": "98",
      "heading": "Creation of Chapter 5 of Part 1",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-98",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/99",
      "kind": "article",
      "number": "99",
      "heading": "Banks not regulated by PRA",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-99",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/100",
      "kind": "article",
      "number": "100",
      "heading": "Building societies",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-100",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/101",
      "kind": "article",
      "number": "101",
      "heading": "Investment firms",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-101",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/102",
      "kind": "article",
      "number": "102",
      "heading": "Recognised central counterparties",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-102",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/103",
      "kind": "article",
      "number": "103",
      "heading": "Third-country resolution proceedings",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-103",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/104",
      "kind": "article",
      "number": "104",
      "heading": "Grounds for applying",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-104",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/105",
      "kind": "article",
      "number": "105",
      "heading": "Notice to PRA of preliminary steps",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-105",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/106",
      "kind": "article",
      "number": "106",
      "heading": "Notice to regulators and the Bank of England of preliminary steps",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-106",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/107",
      "kind": "article",
      "number": "107",
      "heading": "Power to direct bank administrator",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-107",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/108",
      "kind": "article",
      "number": "108",
      "heading": "Immunity",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-108",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/109",
      "kind": "article",
      "number": "109",
      "heading": "State aid",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-109",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/110",
      "kind": "article",
      "number": "110",
      "heading": "Statutory instruments",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-110",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/111",
      "kind": "article",
      "number": "111",
      "heading": "Index of defined terms in the Banking Act",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-111",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/112",
      "kind": "article",
      "number": "112",
      "heading": "Introduction to amendments of the Financial Services and Markets Act 2000",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-112",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/113",
      "kind": "article",
      "number": "113",
      "heading": "Consolidated supervision",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-113",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/114",
      "kind": "article",
      "number": "114",
      "heading": "Discontinuance and suspension of listing",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-114",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/115",
      "kind": "article",
      "number": "115",
      "heading": "Discontinuance of suspension: procedure",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-115",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/116",
      "kind": "article",
      "number": "116",
      "heading": "Proceedings before Upper Tribunal",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-116",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/117",
      "kind": "article",
      "number": "117",
      "heading": "Assessment: consultation by PRA with FCA",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-117",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/118",
      "kind": "article",
      "number": "118",
      "heading": "Assessment procedure",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-118",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/119",
      "kind": "article",
      "number": "119",
      "heading": "Requests for further information",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-119",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/120",
      "kind": "article",
      "number": "120",
      "heading": "Rules requiring parent undertakings to facilitate resolution",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-120",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/121",
      "kind": "article",
      "number": "121",
      "heading": "Power to impose penalty or issue censure",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-121",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/122",
      "kind": "article",
      "number": "122",
      "heading": "Sanctions: procedure",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-122",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/123",
      "kind": "article",
      "number": "123",
      "heading": "Corporation Tax Act 2009",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-123",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/124",
      "kind": "article",
      "number": "124",
      "heading": "Financial Services Act 2012",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-124",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/125",
      "kind": "article",
      "number": "125",
      "heading": "Amendment of Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-125",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/126",
      "kind": "article",
      "number": "126",
      "heading": "Amendment of Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-126",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/127",
      "kind": "article",
      "number": "127",
      "heading": "Amendment of the Banking Act 2009 (Banking Group Companies) Order 2014",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-127",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "article/128",
      "kind": "article",
      "number": "128",
      "heading": "Review",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-128",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [
    {
      "title": "Printed copy",
      "main": true,
      "language": null,
      "date": "2014-11-25",
      "size": 478764,
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/pdf/ukdsi_9780111123782_en.pdf",
      "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123782/pdfs/ukdsi_9780111123782_en.pdf"
    },
    {
      "title": "UK Draft Explanatory Memorandum",
      "main": false,
      "language": null,
      "date": "2014-11-24",
      "size": 60973,
      "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/pdf/ukdsiem_9780111123782_en.pdf",
      "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123782/pdfs/ukdsiem_9780111123782_en.pdf"
    }
  ],
  "outstanding_effects": [],
  "made_under": [
    {
      "id": "ukpga/1972/68",
      "title": "European Communities Act 1972 (repealed)",
      "url": "https://openlegislation.uk/european-communities-act-1972-repealed",
      "provisions": [
        "section/2"
      ]
    }
  ],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123782",
    "retrieved_at": "2026-10-30T15:11:34.801084+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}