# The Bank Recovery and Resolution Order 2016, Article 37: Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014


In the Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014, for article 2(1) (description of institution not included within the meaning of “investment firm”) substitute—
“(1) An institution which is not required under provisions implementing the Capital Requirements Directive to have initial capital of €730,000 is specified for the purposes of section 258A(2)(b) of the Banking Act 2009.”.

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Source: https://www.legislation.gov.uk/ukdsi/2016/9780111151099/article/37 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2016/article-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.