# The Financial Services (Banking Reform) Act 2013 (Commencement No. 7) Order 2014, Note: Explanatory note


(This note is not part of the Order)
This Order brings into force certain provisions of the Financial Services (Banking Reform) Act 2013 (c. 33) (“the Act”) relating to preferential debts, the powers of the Bank of England to bail in liabilities of a bank, and the power of the Prudential Regulation Authority and the Financial Conduct Authority to make rules applying to certain holding companies in relation to resolution. This is the seventh commencement order to be made under the Act.
This Order will have no effect on the costs of business and the voluntary sector independent of the provisions this Order brings into force. For that reason, no impact assessment has been produced for this instrument.

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Source: https://www.legislation.gov.uk/uksi/2014/3160/note (the official version)
Page: https://openlegislation.uk/financial-services-banking-reform-act-2013-commencement-no-7-order-2014/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.