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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: Banking Liaison Panel

Clause 11: Private sector purchaser

Clause 12: Bridge bank

Clause 13: Temporary public ownership

Clause 14: Interpretation: “securities”

Clause 15: Share transfer instrument

Clause 16: Share transfer order

Clause 17: Effect

Clause 18: Continuity

Clause 19: Conversion and delisting

Clause 21: Ancillary instruments: production, registration, &c.

Clause 22: Termination rights, &c.

Clause 23: Incidental provision

Clause 24: Procedure: instruments

Clause 25: Procedure: orders

Clause 26: Supplemental instruments

Clause 27: Supplemental orders

Clause 28: Onward transfer

Clause 29: Reverse share transfer

Clause 30: Bridge bank: share transfers

Clause 31: Bridge bank: reverse share transfers

Clause 32: Interpretation: general

Clause 33: Property transfer instrument

Clause 34: Effect

Clause 35: Transferable property

Clause 36: Continuity

Clause 37: Licences

Clause 38: Termination rights, &c.

Clause 39: Foreign property

Clause 40: Incidental provision

Clause 41: Procedure

Clause 42: Supplemental instruments

Clause 43: Onward transfer

Clause 44: Reverse property transfer

Clause 45: Temporary public ownership: property transfer

Clause 46: Temporary public ownership: reverse property transfer

Clause 47: Restriction of partial transfers

Clause 48: Power to protect certain interests

Clause 49: Orders

Clause 50: Sale to private sector purchaser

Clause 51: Transfer to bridge bank

Clause 52: Transfer to temporary public ownership

Clause 54: Independent valuer

Clause 55: Independent valuer: supplemental

Clause 56: Independent valuer: money

Clause 57: Valuation principles

Clause 58: Resolution fund

Clause 63: General continuity obligation: property transfers

Clause 64: Special continuity obligations: property transfers

Clause 65: Continuity obligations: onward property transfers

Clause 66: General continuity obligation: share transfers

Clause 67: Special continuity obligations: share transfers

Clause 68: Continuity obligations: onward share transfers

Clause 69: Continuity obligations: consideration and terms

Clause 70: Continuity obligations: termination

Clause 71: Pensions

Clause 72: Enforcement

Clause 73: Disputes

Clause 74: Tax

Clause 75: Power to change law

Clause 76: International obligation notice: general

Clause 77: International obligation notice: bridge bank

Clause 78: Public funds: general

Clause 79: Public funds: bridge bank

Clause 80: Bridge bank: report

Clause 81: Application of Part I: general

Clause 82: Temporary public ownership

Clause 83: Distribution of assets on dissolution or winding up

Clause 84: Interpretation

Clause 85: Consequential provision

Clause 86: Credit Unions

PART 2: BANK INSOLVENCY

Clause 88: Interpretation: “bank”

Clause 89: Interpretation: “the court”

Clause 90: Interpretation: other expressions

Clause 91: The order

Clause 93: Grounds for applying

Clause 94: Grounds for making

Clause 95: Commencement

Clause 96: Objectives

Clause 100: General powers, duties and effect

Clause 101: Additional general powers

Clause 102: Status of bank liquidator

Clause 114: Bank insolvency as alternative order

Clause 115: Voluntary winding up

Clause 116: Exclusion of other procedures

Clause 117: Notice to FSA of preliminary steps

Clause 118: Disqualification of directors

PART 3: BANK ADMINISTRATION PROCEDURE

Clause 136: Objective 1: duration

Clause 148: Property transfer from a bridge bank

Clause 166: Overview

Clause 167: Contingency Funding

Clause 168: Special resolution regime

Clause 169: Investing in National Loans Fund

Clause 170: Borrowing from the National Loans Fund

Clause 171: Procedure for claims

Clause 172: Rights in insolvency

Clause 173: Information

Clause 174: Payments in error

Clause 175: Regulations

Clause 176 Delegation of functions

Clause 177: Functions under this Act

Clause 178: Overview

Clause 179: Interpretation: “inter-bank payment system”

Clause 180: Interpretation: other expressions

Clause 181: Recognition order

Clause 182     Recognition criteria

Clause 183 Procedure

Clause 184: De-recognition

Clause 185: Principles

Clause 186: Codes of practice

Clause 187: System rules

Clause 188: Directions

Clause 189: Role of FSA

Clause 190: Inspection

Clause 191: Inspection: warrant

Clause 192: Independent Report

Clause 193: Compliance failure

Clause 194: Publication

Clause 195: Penalty

Clause 196: Closure

Clause 197: Management disqualification

Clause 198: Warning

Clause 199: Appeal

Clause 200: Fees

Clause 201: Information

Clause 202: Pretending to be recognised

Clause 203: Saving for informal oversight

Clause 204: Overview

Clause 205: “Banknote”

Clause 206: “Issue”

Clause 207: “Authorised bank”

Clause 208 “Commencement”

Clause 209: Repeal of old authorising enactments

Clause 210: Saving for existing issuers

Clause 211: Consequential repeals and amendments

Clause 212: Banknote regulations

Clause 213: Banknote rules

Clause 214: Backing assets

Clause 215: Information

Clause 216: Ceasing the business of issuing notes

Clause 217: Insolvency, &c

Clause 218: Offence: unlawful issue

Clause 219: Financial penalty

Clause 220: Termination of right to issue

Clause 221: Application to court

Clause 222: Organisation

Clause 223: Discretionary functions

Clause 224: Exemption

PART 7: MISCELLANEOUS

Clause 228: UK Financial Stability

Clause 235: Weekly return

Clause 236: Information

Clause 237: Bank of England Act 1946

Clause 238: Variation of permission

Clause 239: Functions

Clause 240: Information

Clause 241: Financial assistance to building societies

Clause 242: Registration of charges

Clause 243: Registration of charges: Scotland

Financial collateral arrangements

Clause 246: Supplemental

PART 8: GENERAL

Clause 248: “Enactment”

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: 5 December 2008