UK Statutory Instrument
2016
United Kingdom
Bank Recovery and Resolution Order 2016
At a glance
Enforced by
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.
Browse 42 other sections — procedural / definitional / commencement
Introduction to amendments of the Banking Act 2009
Overview
Interpretation of Part 1 of the Banking Act 2009
Removal of impediments to the exercise of the stabilisation powers etc
Cases where mandatory write-down, conversion etc applies
General conditions
Private sector purchasers
Onward transfers
Reverse share transfers
Property transfer instruments: special bail-in provision
Property transfer instruments and bail-in: supplementary matters
Resolution company: asset and liability transfers from subsidiary banks
Recovery of expenses
Termination rights etc
Onward and reverse transfers
Independent valuation
Cases where mandatory write-down etc applies: banking group companies
Section 83ZW: renumbering
Building societies
Building societies: Bridge bank option
Building Societies: amendment of section 84D
Application to investment firms
Application to recognised central counterparties
Restrictions on disclosure of confidential information
Bank administration
Index of defined terms
Building Societies: charges
Resolution of UK branches of third-country institutions
Introduction to amendments of the Financial Services and Markets Act 2000
General meeting
Removal of directors and senior executives and appointment of temporary manager
Assessment and resolution
Restrictions on disclosure of confidential information
Supervisory notices
Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009
Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014
Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009
Banking Act 2009 (Restriction of Special Bail-in Provision, etc) Order 2014
Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014
Bank Recovery and Resolution (No. 2) Order 2014
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. …
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