{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-4",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-4.json",
  "legislation": "ukdsi/2014/9780111123782",
  "legislation_title": "The Bank Recovery and Resolution Order 2014",
  "legislation_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014",
  "path": "article/4",
  "kind": "article",
  "number": "4",
  "heading": "Overview of Part 1",
  "text": "(1) Section 1 (overview) is amended as follows.\n(2) In subsection (2)(a) for “four” substitute “five”.\n(3) In subsection (3)—\n(a) for “four” substitute “five”, and\n(b) after paragraph (b) insert—\n“(ba) transfer to an asset management vehicle (section 12ZA),”.\n(4) In subsection (4)—\n(a) for “four” substitute “five”,\n(b) after paragraph (b) insert—\n“(c) the third country instrument powers (sections 89H to 89J).”.\n(5) In the Table in subsection (6), at the appropriate places insert—\n“\nSections 3A and 3B\nPre-resolution powers\n”\n“\nSections 6A to 6D\nMandatory write-down, conversion etc of capital instruments\n”\n“\nSection 6E\nValuation before mandatory write-down or stabilisation action\n”\n“\nSections 48B to 48W\nBail-in option\n”\n“\nSections 48X and 48Y\nReplacement of provisional valuation\n”\n“\nSection 48Z\nTermination rights etc\n”\n“\nSection 62A\nIndependent valuer\n”\n“\nSections 62B to 62E\nResolution administrator\n”\n“\nSections 83ZA to 83Z2\nInformation and enforcement\n”\n“\nSections 89H to 89J\nThird-country resolution actions\n”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 1 was amended by paragraph 12 of Schedule 2 to the Financial Services (Banking Reform) Act 2013 (c.33), there are other amending instruments but none are relevant."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123782/article/4",
    "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."
}