# The Banking Act 2009 (Restriction of Partial Property Transfers) (Recognised Central Counterparties) Order 2014, Article 1: Citation, commencement and interpretation


(1) This Order may be cited as the Banking Act 2009 (Restriction of Partial Property Transfers) (Recognised Central Counterparties) Order 2014.
(2) This Order comes into force on 1st August 2014.
(3) In this Order—
“the Act” means the Banking Act 2009;
“the Bank” means the Bank of England;
“continuity powers” means the powers conferred by section 64(2) of the Act (including that subsection as applied by section 65(2) of the Act);
“market contracts” has the meaning given by section 155(1)(d) of the Companies Act 1989;
“title transfer financial collateral arrangement” has the meaning given by regulation 3 of the Financial Collateral Arrangements (No. 2) Regulations 2003.
(4) Expressions used in this Order and in the Insolvency Act 1986 have the same meaning as in that Act.
(5) References in this Order to netting arrangements include—
(a) arrangements which provide for netting (within the meaning given by regulation 2 of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999; and
(b) arrangements which include a close-out netting provision (within the meaning given by regulation 3 of the Financial Collateral Arrangements (No. 2) Regulations 2003).
(6) In this Order, all references to a provision in Part 1 of the Act are references to that provision as applied to recognised central counterparties by section 89B of the Act.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111116234/article/1 (the official version)
Page: https://openlegislation.uk/draft-banking-act-2009-restriction-of-partial-property-transfers-recognised-central-counterparties-order-2014/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.