Banking Act 2009
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Change 1
83A Modifications of Part
(1) In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply. (2) In this section— “ FCA-regulated bank ” means a bank which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000; “ immediate group ” has the meaning given by section 421ZA of the Financial Services and Markets Act 2000; “ PRA-authorised person ” has the meaning given by section 2B(5) of that Act. TABLE OF MODIFICATIONS Provision | Modification Section 3 | Treat the definition of “normal insolvency proceedings” in subsection (1) as including investment bank special administration established by the Investment Bank Special Administration Regulations 2011 (S.I. 2011/245). Section 6A | Treat the reference to the PRA in subsections (3)(a) and (7) as references to the FCA. Section 6C | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 7 | (a) Treat the references to the PRA in subsections (1), (5A), (5C), (5D) and (5F) as references to the FCA. (b) . . . (c) If the bank has as a member of its immediate group a PRA-authorised person the FCA must consult the PRA before determining whether or not Condition 2 is met. (d) Subsections (5G)(a) and (5H)(a) do not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 7A | In subsection (1), the reference to the PRA does not apply unless the bank has as a member of its immediate group a PRA-authorised person . . . | . . . . . . | . . . Section 8ZA | (a) Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. . . . Section 9 | Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. . . . | . . . Section 24 | Ignore subsection (1)(c). Section 25 | Ignore subsection (2)(c). Section 26 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 26ZA | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 26A | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 27 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 28 | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 29 | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 30 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 31 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 41 | Ignore subsection (1)(c). Section 41A | Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 42 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 42A | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 43 | Subsection (7)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44 | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44A | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44D | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44E | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 45 | Subsection (8)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 46 | Subsection (7)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48H | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48U | Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48V | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48W | Subsection (9)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 63 | Treat the reference to insolvency in subsection (1A), as including investment bank special administration, established by the Investment Bank Special Administration Regulations 2011 Section 66 | Treat the reference to insolvency in subsection (1ZA), as including investment bank special administration, established by the Investment Bank Special Administration Regulations 2011 Section 81AA | Treat the references to the PRA in subsections (3)(b) and (5)(a) as references to the FCA. Section 81B | (a) Treat the references to the PRA in subsections (2) and (2A) as references to the FCA. (b) Ignore subsection (6)(b) unless the bank has as a member of its immediate group a PRA-authorised person. Section 81ZZBA | Treat the reference to the PRA in subsection (4) as a reference to the FCA. Section 81ZZBB | (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. Section 81ZBA | (a) Treat the references to the PRA in subsections (2)(a) and (2A) as references to the FCA. (b) Ignore subsection (8)(a) unless the bank has as a member of its immediate group a PRA-authorised person. . . . Section 81ZBB | Treat the reference to the PRA in subsection (4) as a reference to the FCA. Section 81ZBC | (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. Section 81BA | (a) Treat the references to the PRA in subsections (2)(a) and (2A) as references to the FCA. (b) Subsection (5)(b) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 81BB | Treat the reference to the PRA in subsection (4) as a reference to the FCA. Section 81BC | (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. Section 82 | (a) Treat the reference to the PRA in subsection (2) as a reference to the FCA. (b) Ignore subsection (5)(a). . . . | . . .
83A Modifications of Part
(1) In the application of this Part to an FCA-regulated bank the modifications specified in the Table apply. (2) In this section— “ FCA-regulated bank ” means a bank which does not carry on any activity which is a PRA-regulated activity for the purposes of the Financial Services and Markets Act 2000; “ immediate group ” has the meaning given by section 421ZA of the Financial Services and Markets Act 2000; “ PRA-authorised person ” has the meaning given by section 2B(5) of that Act. TABLE OF MODIFICATIONS Provision | Modification Section 3 | Treat the definition of “normal insolvency proceedings” in subsection (1) as including investment bank special administration established by the Investment Bank Special Administration Regulations 2011 (S.I. 2011/245). Section 6A | Treat the reference to the PRA in subsections (3)(a) and (7) as references to the FCA. Section 6C | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 7 | (a) Treat the references to the PRA in subsections (1), (5A), (5C), (5D) and (5F) as references to the FCA. (b) . . . (c) If the bank has as a member of its immediate group a PRA-authorised person the FCA must consult the PRA before determining whether or not Condition 2 is met. (d) Subsections (5G)(a) and (5H)(a) do not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 7A | In subsection (1), the reference to the PRA does not apply unless the bank has as a member of its immediate group a PRA-authorised person . . . | . . . . . . | . . . Section 8ZA | (a) Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. . . . Section 9 | Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. . . . | . . . Section 24 | Ignore subsection (1)(c). Section 25 | Ignore subsection (2)(c). Section 26 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 26ZA | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 26A | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 27 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 28 | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 29 | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 30 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 31 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 41 | Ignore subsection (1)(c). Section 41A | Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 42 | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 42A | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 43 | Subsection (7)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44 | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44A | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44D | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 44E | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 45 | Subsection (8)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 46 | Subsection (7)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48H | Subsection (5)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48U | Subsection (4)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48V | Subsection (6)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 48W | Subsection (9)(a) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 63 | Treat the reference to insolvency in subsection (1A), as including investment bank special administration, established by the Investment Bank Special Administration Regulations 2011 Section 66 | Treat the reference to insolvency in subsection (1ZA), as including investment bank special administration, established by the Investment Bank Special Administration Regulations 2011 Section 81AA | Treat the references to the PRA in subsections (3)(b) and (5)(a) as references to the FCA. Section 81B | (a) Treat the references to the PRA in subsections (2) and (2A) as references to the FCA. (b) Ignore subsection (6)(b) unless the bank has as a member of its immediate group a PRA-authorised person. Section 81ZZBA | Treat the reference to the PRA in subsection (4) as a reference to the FCA. Section 81ZZBB | (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. Section 81ZBA | (a) Treat the references to the PRA in subsections (2)(a) and (2A) as references to the FCA. (b) Ignore subsection (8)(a) unless the bank has as a member of its immediate group a PRA-authorised person. . . . Section 81ZBB | Treat the reference to the PRA in subsection (4) as a reference to the FCA. Section 81ZBC | (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. Section 81BA | (a) Treat the references to the PRA in subsections (2)(a) and (2A) as references to the FCA. (b) Subsection (5)(b) does not apply unless the bank has as a member of its immediate group a PRA-authorised person. Section 81BB | Treat the reference to the PRA in subsection (4) as a reference to the FCA. Section 81BC | (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA. (b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person. Section 82 | (a) Treat the reference to the PRA in subsection (2) as a reference to the FCA. (b) Ignore subsection (5)(a). . . . | . . .
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