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Statutory Instruments

2014 No. 1832

Financial Services And Markets

The Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014

Made

9th July 2014

Coming into force

1st August 2014

The Treasury make the following Order in exercise of the powers conferred by section 258A(2)(b) of the Banking Act 2009( 1 ).

A draft of this Order has been laid before and approved by resolution of each House of Parliament in accordance with section 258A(3) of that Act.

Citation and commencement I1

1. This Order may be cited as the Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014, and comes into force on 1st August 2014.

Description of institution not included within the meaning of “investment firm” I2

2. —(1) An institution of a description given in Article 29 of the Capital Requirements Directive (initial capital of particular types of investment firms) is specified for the purpose of section 258A(2)(b) of the Banking Act 2009.

(2) In paragraph (1) “Capital Requirements Directive” means Directive 2013/36/EU of the European Parliament and of the Council of 26th June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms , amending and repealing Directives Directive 2002/87/EC 2006/48/EC and 2006/49/EC ( 2 ).

David Evenett

Mark Lancaster

Two of the Lords Commissioners of Her Majesty’s Treasury

9th July 2014

( 1 )

2009 c.1 . Section 258A was inserted by the Financial Services Act 2012 (c.21) , section 101.

( 2 )

OJ No. L 176, 27.6.2013, p. 338-436. For corrigenda see OJ No. L 208, 2/8/2013, p. 73.

Status: There are outstanding changes not yet made by the editorial team to The Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014. Any changes that have already been made by the team appear in the content and are referenced with annotations.
The Banking Act 2009 (Exclusion of Investment Firms of a Specified Description) Order 2014 (2014/1832)
Version from: [subject to the status notice] 1 August 2014

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Status of this instrument

in force Provision is in force
in force* In force only for specified purposes (see footnote)
not in force Not in force in England (may be in force in other geographies, see footnotes)
defined term Defined term
dfn Defined term (alternative style)
footnote commentary transitional and savings in force status related provisions geo extent insert/omit source count in force adj
I1 Art. 1 in force at 1.8.2014, see art. 1
I2 Art. 2 in force at 1.8.2014, see art. 1
Defined Term Section/Article ID Scope of Application
Capital Requirements Directive art. 2. def_be8a92ca5d

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