{
  "url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-2",
  "json_url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014/regulation-2.json",
  "legislation": "ukdsi/2014/9780111123706",
  "legislation_title": "The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/draft-banking-act-2009-mandatory-compensation-arrangements-following-bail-in-regulations-2014",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In these Regulations—\n“the Act” means the Banking Act 2009;\n“the Bank” means the Bank of England;\n“banking institution” means—\n(a) a bank;\n(b) a building society (within the meaning of section 119 of the Building Societies Act 1986);\n(c) an investment firm);\n(d) a banking group company;\n“Case 1”, “Case 2”, “Case 3” and “Case 4” have the meanings given in regulation 3;\n“initial instrument” has the meaning given in regulation 6(6);\n“relevant banking institution” has the meaning given in regulation 6(6);\n“relevant persons” has the meaning given in regulation 5(2);\n(2) References to sections of the Act include, as the context requires, those sections as applied by section 89A of the Act (application to investment firms).\n(3) In these Regulations, “relevant compensation order” means—\n(a) in relation to Case 1, the bail-in compensation order required to be made in relation to the resolution instrument;\n(b) in relation to Case 2, Case 3 or Case 4, the third party compensation order required to be included in the compensation scheme order or the resolution fund order by regulation 4.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Defined in section 2 of the Banking Act 2009."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "1986 c.53."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Defined in section 258A of the Act. Section 258A was inserted by the Financial Services Act 2012 (c. 21), section 101(1), (7)."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Section 89A was inserted by the Financial Services Act 2012, section 101(1), (5)."
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "Defined in section 49(2A) of the Act (subsection (2A) was inserted by the Financial Services (Banking Reform) Act 2013 (c.33), Schedule 2, paragraph 6."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2014/9780111123706/regulation/2",
    "retrieved_at": "2026-10-30T15:11:35.919978+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."
}