Schedule 3, Part 3, paragraph 10(2)

In regulation 2(1) (interpretation)— in the appropriate place insert— “recovery and resolution directive” means Directive 2014/59/EU of the European Parliament and of the Council of 15th May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms; “stabilisation instrument” means any of the following— a “mandatory reduction instrument” made under section 6B of the Banking Act 2009 ; a “resolution instrument” made under section 12A of the Banking Act 2009 ; a “share transfer instrument” as defined in section 15 of the Banking Act 2009; a “share transfer order” as defined in section 16 of the Banking Act 2009; a “property transfer instrument” as defined in section 33 of the Banking Act 2009 ; or a “third country instrument” made under section 89H of the Banking Act 2009 ; for the definition of “EEA regulator” substitute— “EEA regulator” means— a competent authority (within the meaning given by point (40) of Article 4(1) of the capital requirements regulation) established in an EEA State; or the resolution authority (within the meaning given by point (18) of Article 2(1) of the recovery and resolution directive) established in an EEA State; for the definition of “directive reorganisation measure” substitute— “directive reorganisation measure” means a reorganisation measure as defined in Article 2 of the reorganisation and winding up directive which was adopted or imposed on or after the 5th May 2004, or any other measure to be given effect in or under the law of the United Kingdom pursuant to Article 66 of the recovery and resolution directive; for the definition of “the reorganisation and winding up directive” substitute— “the reorganisation and winding up directive” means Directive 2001/24/EC of the European Parliament and of the Council of 4th April 2001 on the reorganisation and winding up of credit institutions as amended by Article 117 of the recovery and resolution directive;

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Source: legislation.gov.uk · retrieved 2026-09-04