The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014
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Change 1
2 Interpretation
(1) In these Regulations— “the Act” means the Banking Act 2009; “the Bank” means the Bank of England; “banking institution” means— a bank ; a building society (within the meaning of section 119 of the Building Societies Act 1986) ; an investment firm ); a banking group company; a third-country institution (within the meaning of section 89JA of the Act (resolution of UK branches of third-country institutions)). “Case 1”, “Case 2”, “Case 3” and “Case 4” have the meanings given in regulation 3; “initial instrument” has the meaning given in regulation 6(6); “relevant banking institution” has the meaning given in regulation 6(6); “relevant persons” has the meaning given in regulation 5(2); (2) References to sections of the Act include, as the context requires, those sections as applied with or without modifications by that Act as that Act has effect on the day on which the Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2018 come into force. (3) In these Regulations, “relevant compensation order” means— (a) in relation to Case 1, the bail-in compensation order required to be made in relation to the resolution instrument; (b) in relation to Case 2, Case 3 or Case 4, the third party compensation order required to be included in the compensation scheme order or the resolution fund order by regulation 4.
2 Interpretation
(1) In these Regulations— “the Act” means the Banking Act 2009; “the Bank” means the Bank of England; “banking institution” means— a bank ; a building society (within the meaning of section 119 of the Building Societies Act 1986) ; an investment firm ); a banking group company; a third-country institution (within the meaning of section 89JA of the Act (resolution of UK branches of third-country institutions)). “Case 1”, “Case 2”, “Case 3” and “Case 4” have the meanings given in regulation 3; “initial instrument” has the meaning given in regulation 6(6); “relevant banking institution” has the meaning given in regulation 6(6); “relevant persons” has the meaning given in regulation 5(2); (2) References to sections of the Act include, as the context requires, those sections as applied with or without modifications by that Act as that Act has effect on the day on which the Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2018 come into force. (3) In these Regulations, “relevant compensation order” means— (a) in relation to Case 1, the bail-in compensation order required to be made in relation to the resolution instrument; (b) in relation to Case 2, Case 3 or Case 4, the third party compensation order required to be included in the compensation scheme order or the resolution fund order by regulation 4.
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