Mandatory provisions: interim payments
Other duties (1) — Crown / regulator
- Independent valuer must determine interim and balancing compensation payments Statutory regulator
UK Statutory Instrument
2014
United Kingdom
The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014
At a glance
Enforced by
What's here
3 compliance obligations
Who this Act binds
Plus 3 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Mandatory provisions: valuations provided by relevant persons
Other duties (1) — Crown / regulator
- Regulator must ensure independent valuer considers relevant person's information Statutory regulator
Optional provisions: valuation principles
Other duties (1) — Crown / regulator
- Independent valuer must follow valuation assumptions set in compensation order Statutory regulator
Browse 11 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
Application
Resolution fund order to include third party compensation order
Mandatory provisions: appointment of independent valuer
Mandatory provisions: assessment of insolvency treatment
Mandatory provisions: choice of insolvency process
Mandatory provisions: valuation principles
Valuation methodology: technical standards
Application to building societies
Review
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Prudential Regulation Authority
Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. …
Connected legislation
parent Act
These instruments amend, apply, or refer to this Act. They may not all create direct business obligations.
Made under
Banking Act 2009 (as amended) 2009 Primary Act
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