Banking Reform Act 2013 definition

Banking Reform Act 2013 has the meaning set forth in the definition of U.K. bail-in power.
Sample 1Sample 2Sample 3

Examples of Banking Reform Act 2013 in a sentence

  • This would potentially include a situation where, pursuant to the Financial Services (Banking Reform) Act 2013, the retail banking activities of a Reference Entity are moved into a legally distinct, operationally separate and economically separate and independent entity (so-called "ring fencing") or as a result of the exercise by the relevant authorities of resolution powers under the Banking Act 2009 of the United Kingdom in circumstances where a Reference Entity is in financial difficulties.

  • Textual AmendmentsF3 Words in Pt. VII substituted (1.3.2014) by Financial Services (Banking Reform) Act 2013 (c.

  • Status: This version of this Act contains provisions that are prospective.Changes to legislation: There are outstanding changes not yet made by the legislation.gov.uk editorial team to Financial Services (Banking Reform) Act 2013.

  • Ring-fencing legislation refers to the Financial Services (Banking Reform) Act 2013 (‘the Act’) and the ring-fencing rules set out by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).

  • In addition, the UK Financial Services (Banking Reform) Act 2013 (the "Banking Reform Act") includes amendments to the UK Banking Act 2009 (the "Banking Act") to add a bail-in option to the powers of the UK resolution authority, although as of the date of this Base Prospectus parts of the Banking Reform Act, including those relating to the bail-in option, have not yet come into force.

  • The CHAPS payment system is designated under the Financial Services (Banking Reform) Act 2013 (FSBRA) for regulation by the Payment Systems Regulator (PSR).

  • Key developments that are relevant to the Group include:  The U.K. Financial Services (Banking Reform) Act 2013 (the "Banking Reform Act"), gives U.K. authorities the power to implement key recommendations of the Independent Commission on Banking, including the separation of the U.K. and EEA retail banking activities of the largest U.K. banks into a legally, operationally and economically separate and independent entity (so-called 'ring fencing').

  • If a "bail-in" order were made under the Banking Act as amended by The Financial Services (Banking Reform) Act 2013 (see further "Regulation of the Group – The Banking Act 2009"), such an order would be based on the principle that any creditors affected by the "bail-in" order should receive no less favourable treatment than they would have received had the bank entered into insolvency immediately before the coming into effect of the bail-in power.

  • The Financial Services (Banking Reform) Act 2013 (the "Banking Reform Act"), which implements the measures recommended by Sir John Vickers' Independent Commission on Banking (the "ICB"), received Royal Assent on 18 December 2013.

  • But a complaint may not be made to the FCA under this section if it is a complaint which could be made to the Payment Systems Regulator by a designated representative body under section 68 of the Financial Services (Banking Reform) Act 2013 (complaints by representative bodies).

Related to Banking Reform Act 2013

  • Banking Act means the UK Banking Act 2009, as amended.

  • FW Act means the Fair Work Act 2009, as amended from time to time.

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • PBR Act means the Plant Breeder’s Rights Xxx 0000 (Cth) as amended from time to time.

  • Basel III Regulation means, with respect to any Affected Person, any rule, regulation or guideline applicable to such Affected Person and arising directly or indirectly from (a) any of the following documents prepared by the Basel Committee on Banking Supervision of the Bank of International Settlements: (i) Basel III: International Framework for Liquidity Risk Measurement, Standards and Monitoring (December 2010), (ii) Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems (June 2011), (iii) Basel III: The Liquidity Coverage Ratio and Liquidity Risk Monitoring Tools (January 2013), or (iv) any document supplementing, clarifying or otherwise relating to any of the foregoing, or (b) any accord, treaty, statute, law, rule, regulation, guideline or pronouncement (whether or not having the force of law) of any governmental authority implementing, furthering or complementing any of the principles set forth in the foregoing documents of strengthening capital and liquidity, in each case as from time to time amended, restated, supplemented or otherwise modified. Without limiting the generality of the foregoing, “Basel III Regulation” shall include Part 6 of the European Union regulation 575/2013 on prudential requirements for credit institutions and investment firms (the “CRR”) and any law, regulation, standard, guideline, directive or other publication supplementing or otherwise modifying the CRR.

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • the 2011 Act means the Localism Act 2011;

  • Change in Control Protection Period means the period commencing on the date a Change in Control occurs and ending on the first anniversary of such date.

  • Financial Instruments Accounts Act means the Swedish Financial Instruments Accounts Act (lag (1998:1479) om kontoföring av finansiella instrument).

  • Foreign Corrupt Practices Act means the Foreign Corrupt Practices Act of the United States, 15 U.S.C. Sections 78a, 78m, 78dd-1, 78dd-2, 78dd-3, and 78ff, as amended, if applicable, or any similar law of the jurisdiction where the Property is located or where the Company or any of its Subsidiaries transacts business or any other jurisdiction, if applicable.

  • Rail Safety Act means the Rail Safety Act 1998 (WA);

  • Employment Practices Wrongful Act means any actual or alleged:

  • Commodity Futures Trading Commission means the independent regulatory agency established by congress to administer the Commodity Exchange Act.

  • FOI Act means the Freedom of Information Act 2000 and any subordinate legislation made under that Act or any code issued pursuant to sections 45 or 46 of that Act or any guidance issued by the Information Commissioner;

  • Central Bank UCITS Regulations means the Central Bank (Supervision and Enforcement)

  • Closing protection letter means an agreement by the division to indemnify a lender or owner or both for loss caused by a division closer’s theft of settlement funds or failure to comply with written closing instructions relating to title certificate coverage when agreed to by the division closer.

  • Securities Act (Ontario) means the Securities Act, R.S.O. 1990, c.S.5, as amended, and the regulations thereunder, unless otherwise specified, as the same exist on the date hereof.

  • Data Protection Act means Act CXII of 2011 on Informational Self-Determination and Freedom of Information.

  • FDI Act means the Federal Deposit Insurance Act, as amended or recodified.

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Fair Credit Reporting Act The Fair Credit Reporting Act of 1970, as amended.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Interpretation Act means the Interpretation Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act;

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.