OpenLegislation

Paragraph 189 The Financial Services and Markets Act 2000 (Contribution to Costs of Special Resolution Regime) Regulations 2010I1

United Kingdom

In regulation 17 of the Financial Services and Markets Act 2000 (Contribution to Costs of Special Resolution Regime) Regulations 2010f1 (payments made under these Regulations to constitute payment of compensation under the scheme)—

(a)

in paragraph (2), for “FEES 6 Chapter” substitute “the relevant fees rules”;

(b)

in paragraph (4)—

(i)

omit the definitions of “COMP Sourcebook” and “FEES 6 Chapter”,

(ii)

for the definition of “in default” substitute—

  • ““in default” means in default in accordance with rules made by—

    1. (a)

      if the banking institution is a PRA-authorised person, the PRA or the FCA;

    2. (b)

      in any other case, the FCA;”;

(c)

after the definition of “protected deposit” insert—

  • ““relevant fees rules” means rules (as amended from time to time) made under section 213 of the Act by—

    1. (a)

      if the banking institution is a PRA-authorised person, the PRA or the FCA;

    2. (b)

      in any other case, the FCA.”.

Annotations

Commencement

I1

Sch. 2 para. 189 in force at 1.4.2013, see art. 1(1)

Footnotes

f1

S.I. 2010/2220.