OpenLegislation

Article 1 Subject matter

United Kingdom

Original text. Later amendments are not shown.

This Regulation lays down rules specifying:

  1. (a)

    F1...

  2. (b)

    the criteria for the determination of the activities, services and operations referred to in F2the definition of “critical functions” in section 3(1) of the Banking Act 2009 (including as applied by that Act in relation to persons other than a bank);

  3. (c)

    the criteria for the determination of the business lines and associated services referred to in F3the definition of “core business lines” in section 48B(14) of the Banking Act 2009 (including as applied in relation to other persons by that Act).

F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Annotations

Textual amendments

F1

Art. 1(a) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 5 para. 1(2)(a); 2020 c. 1, Sch. 5 para. 1(1)

F2

Words in Art. 1(b) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 5 para. 1(2)(b); 2020 c. 1, Sch. 5 para. 1(1)

F3

Words in Art. 1(c) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 5 para. 1(2)(c); 2020 c. 1, Sch. 5 para. 1(1)

F4

Words in Art. 1 omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 5 para. 1(2)(d); 2020 c. 1, Sch. 5 para. 1(1)