CONSULT.Outcome publishedConsultation · gov.uk
Secondary legislation for Non-Bank resolution regimes
Consultation on secondary legislation which will underpin the extension of the financial services Special Resolution Regime, to include investment firms, banking group companies and clearing houses.
Last fetched 03 May 2026 · gov.uk
Detail
Today (26 September 2013) the government has published a consultation on the secondary legislation which will underpin the extension of the Special Resolution Regime to include investment firms, banking group companies and clearing houses.
The Financial Services Act 2012 amended the Banking Act 2009 to widen the Special Resolution Regime. The relevant amendments to the Banking Act 2009 will commence once the secondary legislation is made.
The secondary legislation will:
- set out which investment firms will be captured in the Special Resolution Regime
- outline the specific conditions in which an entity will be considered a banking group company
- establish safeguards around partial property transfers
- extend third party compensation arrangements to investment firms and banking group companies
- amend insolvency rules in order to extend the Bank Administration procedure to investment firms and banking group companies
Documents
Secondary legislation for Non-Bank resolution regimesSecondary legislation for Non-Bank resolution regimes: Annex Aapplication/pdfSecondary legislation for Non-Bank resolution regimes: Annex Bapplication/pdfSecondary legislation for Non-Bank resolution regimes: Annex Capplication/pdfSecondary legislation for Non-Bank resolution regimes: Annex Dapplication/pdfSecondary legislation for Non-Bank resolution regimes: summary of responsesapplication/pdf