UK Statutory Instrument SI 2014 United Kingdom

Bank Recovery and Resolution Order 2014

Enforced by
PRA
Status
In Force

What it defines

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art100 Building societies

amended 1 time

s.art101 Investment firms

amended 1 time

s.art102 Recognised central counterparties

amended 1 time

s.art103 Third-country resolution proceedings

amended 1 time

s.art104 Grounds for applying

amended 1 time

s.art105 Notice to PRA of preliminary steps

amended 1 time

s.art106 Notice to regulators and the Bank of England of preliminary steps

amended 1 time

s.art107 Power to direct bank administrator

amended 1 time

s.art108 Immunity

amended 1 time

s.art109 State aid

amended 1 time

s.art110 Statutory instruments

amended 1 time

s.art111 Index of defined terms in the Banking Act

amended 1 time

s.art112 Introduction to amendments of the Financial Services and Markets Act 2000

amended 1 time

s.art113 Consolidated supervision

amended 1 time

s.art114 Discontinuance and suspension of listing

amended 1 time

s.art115 Discontinuance of suspension: procedure

amended 1 time

s.art116 Proceedings before Upper Tribunal

amended 1 time

s.art117 Assessment: consultation by PRA with FCA

amended 1 time

s.art118 Assessment procedure

amended 1 time

s.art119 Requests for further information

amended 1 time

s.art120 Rules requiring parent undertakings to facilitate resolution

amended 1 time

s.art121 Power to impose penalty or issue censure

amended 1 time

s.art122 Sanctions: procedure

amended 1 time

s.art123 Corporation Tax Act 2009

amended 1 time

s.art124 Financial Services Act 2012

amended 1 time

s.art125 Amendment of Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009

amended 1 time

s.art126 Amendment of Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009

amended 1 time

s.art127 Amendment of the Banking Act 2009 (Banking Group Companies) Order 2014

amended 1 time

s.art128 Review

amended 2 times

99 other provisions — procedural and definitional
s.art001 Citation and commencement
s.art002 Introduction to amendments of the Banking Act
s.art003 Creation of Chapter 1 of Part 1
s.art004 Overview of Part 1
s.art005 Interpretation of Part 1 of the Banking Act 2009
s.art006 Power to address impediments to the resolution of institutions and their groups
s.art007 Creation of Chapter 3 of Part 1
s.art008 Special resolution objectives
s.art009 Code of practice
s.art010 Mandatory write-down, conversion, etc of capital instruments
s.art011 Valuation
s.art012 Exercise of stabilisation powers: general conditions
s.art013 Effect on other group members, financial stability in EU etc
s.art014 Specific conditions in section 8
s.art015 Specific conditions: asset management vehicle
s.art016 Specific conditions: bail-in
s.art017 Specific conditions: temporary public ownership
s.art018 Bridge bank
s.art019 Asset management vehicle
s.art020 Bail-in option
s.art021 Conditions to be met when exercising bail-in option
s.art022 Bail-in administrators
s.art023 Temporary public ownership
s.art024 Effect of a transfer
s.art025 Continuity
s.art026 Share transfer instruments and orders: delisting
s.art027 Share transfer instruments: directors and senior managers
s.art028 Termination rights: share transfer instruments and orders
s.art029 Procedure: share transfer instruments
s.art030 Procedure: share transfer orders
s.art031 Supplemental share transfer instruments
s.art032 Meaning of “resolution company”
s.art033 Asset management vehicles: share transfers
s.art034 Asset management vehicles: reverse share transfer
s.art035 Property transfer instruments
s.art036 Directors
s.art037 Termination rights: property transfer instruments
s.art038 Foreign Property
s.art039 Property transfer instruments: delisting
s.art040 Property transfer instrument: procedure
s.art041 Transfer of property subsequent to resolution instrument
s.art042 Supplementary instruments
s.art043 Onward transfer
s.art044 Bridge bank: reverse property transfer
s.art045 Bail in: reverse property transfer
s.art046 Property transfer instruments: special bail-in provision
s.art047 Restriction of partial transfers
s.art048 Liabilities excluded from scope of special bail-in provision
s.art049 Meaning of “protected deposit”
s.art050 General interpretation of section 48B
s.art051 Business reorganisation plans
s.art052 Functions of bail-in administrators
s.art053 Powers in relation to securities
s.art054 Termination rights, etc: resolution instruments
s.art055 Resolution instruments: directors and senior managers
s.art056 Directions in or under resolution instrument
s.art057 Procedure: resolution instruments
s.art058 Supplemental resolution instruments
s.art059 Onward transfer
s.art060 Reverse transfer
s.art061 Replacement of provisional valuation
s.art062 Termination rights, etc
s.art063 Transfer to resolution company
s.art064 Onward and reverse transfers etc
s.art065 Independent valuer: compensation
s.art066 Resolution fund
s.art067 Third party compensation: mandatory provision
s.art068 Principle of no less favourable treatment
s.art069 Independent valuer: valuation under section 6E or 48X
s.art070 Resolution administrator
s.art071 General continuity obligation: property transfers
s.art072 Special continuity obligations: property transfers
s.art073 Continuity obligations: onward property transfers
s.art074 General continuity obligation: share transfers
s.art075 Contractual variation: share transfers
s.art076 Continuity obligations: onward share transfers
s.art077 Suspension powers
s.art078 Pensions
s.art079 Enforcement
s.art080 Disputes
s.art081 Tax
s.art082 International obligation notice: general
s.art083 International obligation notice: bridge bank
s.art084 Public funds: general
s.art085 Duty of Bank of England to notify Treasury
s.art086 Public funds: resolution company
s.art087 Resolution company: report
s.art088 Accounting information in reports
s.art089 Cases where mandatory write-down, conversion etc applies: banking group companies
s.art090 Groups: transfer to bridge bank etc
s.art091 Groups: transfer to asset management vehicle
s.art092 Groups: bail-in option
s.art093 Sections 81B and 81ZBA: supplemental
s.art094 Section 81BA: supplemental
s.art095 Interpretation: “banking group company” etc
s.art096 Holding companies
s.art097 Information and enforcement
s.art098 Creation of Chapter 5 of Part 1
s.art099 Banks not regulated by PRA

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.