The Building Societies (Bail-in) Order 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
5 Amendment to the Building Societies (Insolvency and Special Administration) Order 2009
In Schedule 1 to the Building Societies (Insolvency and Special Administration) Order 2009 (modified application of Parts 2 and 3 of the Banking Act 2009 to building societies), after paragraph 32 insert— Property transfer from transferred institution 32ZA. Where a resolution instrument makes provision under section 84A of the 2009 Act in respect of a building society, in section 152A of the 2009 Act (property transfer from transferred institution)— (a) the first reference in paragraphs (a) and (b) of subsection (1) to a bank (which would otherwise apply as mentioned in section 90C(2)(a) of the 1986 Act) is to be read as a reference— (i) to the successor company (defined in section 84D(8) of the 2009 Act), or (ii) in a case within section 84D(1)(b) of the 2009 Act, to the successor company or its specified parent undertaking (defined in section 84D(8) of the 2009 Act); (b) in paragraph (a) of subsection (1) ignore the reference to a bank’s parent undertaking; (c) in paragraph (b) of subsection (1) ignore “or from another a bank which is or was in the same group as the bank”; and (d) the reference in subsection (1) to sections 12A(2) and 41A(2) of the 2009 Act and the reference in subsection (2) to section 41A(2) is to those section as applied and modified by section 84D(2) of the 2009 Act. .
5 Amendment to the Building Societies (Insolvency and Special Administration) Order 2009
In Schedule 1 to the Building Societies (Insolvency and Special Administration) Order 2009 (modified application of Parts 2 and 3 of the Banking Act 2009 to building societies), after paragraph 32 insert— Property transfer from transferred institution 32ZA. Where a resolution instrument makes provision under section 84A of the 2009 Act in respect of a building society, in section 152A of the 2009 Act (property transfer from transferred institution)— (a) the first reference in paragraphs (a) and (b) of subsection (1) to a bank (which would otherwise apply as mentioned in section 90C(2)(a) of the 1986 Act) is to be read as a reference— (i) to the successor company (defined in section 84D(8) of the 2009 Act), or (ii) in a case within section 84D(1)(b) of the 2009 Act, to the successor company or its specified parent undertaking (defined in section 84D(8) of the 2009 Act); (b) in paragraph (a) of subsection (1) ignore the reference to a bank’s parent undertaking; (c) in paragraph (b) of subsection (1) ignore “or from another a bank which is or was in the same group as the bank”; and (d) the reference in subsection (1) to sections 12A(2) and 41A(2) of the 2009 Act and the reference in subsection (2) to section 41A(2) is to those section as applied and modified by section 84D(2) of the 2009 Act. .
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
Solon does not know this law's official route yet. The proposal is recorded all the same, and the route appears here once its source is added.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.