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Index to Banking Bill


 
INTRODUCTION

BACKGROUND TO BILL

SUMMARY AND OVERVIEW OF THE STRUCTURE

TERRITORIAL EXTENT

ANNEXES

Clause 1: Overview

Clause 2: Interpretation: “bank”

Clause 3: Interpretation: other expressions

Clause 4: Special resolution objectives

Clause 5: Code of practice

Clause 6: Code of practice: procedure

Clause 7: General conditions

Clause 9: Specific conditions: temporary public ownership

Clause 10: Private sector purchaser

Clause 11: Bridge bank

Clause 12: Temporary public ownership

Clause 13: Interpretation: “securities”

Clause 14: Share transfer instrument

Clause 15: Share transfer order

Clause 16: Effect

Clause 17: Continuity

Clause 18: Conversion and delisting

Clause 20: Ancillary instruments: production, registration, &c.

Clause 21: Termination rights, &c.

Clause 22: Incidental provision

Clause 23: Procedure: instruments

Clause 24: Procedure: orders

Clause 25: Supplemental instruments

Clause 26: Supplemental orders

Clause 27: Onward transfer

Clause 28: Bridge bank: share transfers

Clause 29: Interpretation: general

Clause 30: Property transfer instrument

Clause 31: Effect

Clause 32: Transferable property

Clause 33: Continuity

Clause 34: Licences

Clause 35: Termination rights, &c.

Clause 36: Foreign property

Clause 37: Incidental provision

Clause 38: Procedure

Clause 39: Supplemental instruments

Clause 40: Onward transfer

Clause 41: Temporary public ownership: property transfer

Clause 42: Restriction of partial transfers

Clause 43: Power to protect certain interests

Clause 44: Orders

Clause 45: Sale to private sector purchaser

Clause 46: Transfer to bridge bank

Clause 47: Transfer to temporary public ownership

Clause 49: Independent valuer

Clause 50: Independent valuer: supplemental

Clause 51: Independent valuer: money

Clause 52: Valuation principles

Clause 53: Resolution fund

Clause 56: Procedure

Clause 57: General continuity obligation: property transfers

Clause 58: Special continuity obligations: property transfers

Clause 59: General continuity obligation: share transfers

Clause 60: Special continuity obligations: share transfers

Clause 61: Pensions

Clause 62: Enforcement

Clause 63: Disputes

Clause 64: Tax

Clause 65: Power to change law

Clause 66: International obligation notice: general

Clause 67: International obligation notice: bridge bank

Clause 68: Public funds: general

Clause 69: Public funds: bridge bank

Clause 70: Bridge bank: report

Clause 71: Application of Part I: general

Clause 72: Temporary public ownership

Clause 73: Distribution of assets on dissolution or winding up

Clause 74: Interpretation

Clause 75: Consequential provision

PART 2: BANK INSOLVENCY

Clauses 78: Interpretation: “bank”

Clause 79: Interpretation: “the court”

Clause 80: Interpretation: other expressions

Clause 81: The order

Clause 83: Grounds for applying

Clause 84: Grounds for making

Clause 85: Commencement

Clause 86: Objectives

Clause 90: General powers, duties and effect

Clause 91: Additional general powers

Clause 92: Status of bank liquidator

Clause 104: Bank insolvency as alternative order

Clause 105: Voluntary winding up

Clause 106: Exclusion of other procedures

Clause 107: Notice to FSA of preliminary steps

Clause 108: Disqualification of directors

PART 3: BANK ADMINISTRATION PROCEDURE

Clause 126: Objective 1: duration

Clause 138: Property transfer from a bridge bank

Clause 155: Overview

Clause 156: Contingency Funding

Clause 157: Special Resolution Regime

Clause 158: Investing in National Loans Fund

Clause 159: Borrowing from the National Loans Fund

Clause 160: Procedure for claims

Clause 161: Rights in insolvency

Clause 162: Information

Clause 163: Payments in error

Clause 164: Regulations

Clause 165     Delegation of functions

Clause 166: Functions under this Act

Clause 167: Overview

Clause 168: Interpretation: “inter-bank payment system”

Clause 169: Interpretation: other expressions

Clause 170: Recognition order

Clause 171     Recognition criteria

Clause 172 Procedure

Clause 173: De-recognition

Clause 174: Principles

Clause 175: Codes of practice

Clause 176: System rules

Clause 177: Directions

Clause 178: Role of FSA

Clause 179: Inspection

Clause 180: Inspection: warrant

Clause 181: Independent Report

Clause 182: Compliance failure

Clause 183: Publication

Clause 184: Penalty

Clause 185: Closure

Clause 186: Management disqualification

Clause 187: Warning

Clause 188: Appeal

Clause 189: Fees

Clause 190: Information

Clause 191: Pretending to be recognised

Clause 192: Saving for informal oversight

Clause 193: Overview

Clause 194: “Banknote”

Clause 195: “Issue”

Clause 196: “Authorised bank”

Clause 197 “Commencement”

Clause 198: Repeal of old authorising enactments

Clause 199: Saving for existing issuers

Clause 200: Consequential repeals and amendments

Clause 201: Banknote regulations

Clause 202: Banknote rules

Clause 203: Backing assets

Clause 204: Information

Clause 205: Ceasing the business of issuing notes

Clause 206: Insolvency, &c

Clause 207: Offence: unlawful issue

Clause 208: Financial penalty

Clause 209: Termination of right to issue

Clause 210: Application to court

Clause 211: Organisation

Clause 212: Discretionary functions

Clause 213: Exemption

PART 7: MISCELLANEOUS

Clause 216: UK Financial Stability

Clause 223: Weekly return

Clause 224: Information

Clause 225: Bank of England Act 1946

Clause 226: Variation of permission

Clause 227: Functions

Clause 228: Information

Clause 229: Financial assistance to building societies

Clause 230: Registration of charges

Financial collateral arrangements

Clause 233: Supplemental

PART 8: GENERAL

FINANCIAL EFFECTS OF THE BILL

EFFECTS OF THE BILL ON PUBLIC SERVICE MANPOWER

SUMMARY OF THE IMPACT ASSESSMENT

EUROPEAN CONVENTION ON HUMAN RIGHTS

ANNEX A: LIST OF ABBREVIATIONS

 
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Prepared: 7 October 2008