Financial Services and Markets Act 2023 · PART 5 Special resolution action

84 Termination rights etc

Sch. 11 para. 84 · in force: yes

Captured statutory text (L5)

84 Termination rights etc

(1)In this paragraph— “resolution measure” means— the making by the Bank of a stabilisation instrument in relation to a CCP, where an instrument of control under paragraph 38 is in place in relation to a CCP, the exercise by the Bank of any relevant rules of the CCP, a measure taken by a CCP as a result of directions given under paragraph 2, the removal by a CCP of a director or senior manager as a result of a requirement imposed under paragraph 5, the appointment of a temporary manager in relation to a CCP under paragraph 6, a restriction or prohibition on payments under paragraph 13 or 102, the recognition by the Bank of third-country resolution action (or part of such action) in accordance with Part 7 of this Schedule, or the exercise by the Bank of a stabilisation power by virtue of paragraph 146(3); “default event provision” means a Type 1 or Type 2 default event provision (see sub-paragraphs (2) and (3)); “relevant rules”, in relation to a CCP, mean rules ensuring that the requirements under paragraph 29A or 36 of the Schedule to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001 (S.I. 2001/995) are met; “stabilisation instrument” means— a share transfer instrument, a property transfer instrument, or a resolution instrument.

(2)A Type 1 default event provision is a provision of a contract or other agreement that has the effect that if a specified event occurs or situation arises—

(a)the agreement is terminated, modified or replaced,

(b)rights or duties under the agreement are terminated, modified or replaced,

(c)a right accrues to terminate, modify or replace the agreement,

(d)a right accrues to terminate, modify or replace rights or duties under the agreement,

(e)a sum becomes payable or ceases to be payable,

(f)delivery of anything becomes due or ceases to be due,

(g)a right to claim a payment or delivery accrues, changes or lapses,

(h)any other right accrues, changes or lapses,

(i)a right to accelerate, close out, set-off or net obligations accrues, changes or lapses, or

(j)an interest is created, changes or lapses.

(3)A Type 2 default event provision is a provision of a contract or other agreement that has the effect that a provision of the contract or agreement—

(a)takes effect only if a specified event occurs or does not occur,

(b)takes effect only if a specified situation arises or does not arise,

(c)has effect only for so long as a specified event does not occur,

(d)has effect only while a specified situation lasts,

(e)applies differently if a specified event occurs,

(f)applies differently if a specified situation arises, or

(g)applies differently while a specified situation lasts.

(4)For the purposes of sub-paragraphs (2) and (3) it is the effect of a provision that matters, not how it is described (nor, for example, whether it is presented in a positive or a negative form).

(5)Subject to sub-paragraph (7), sub-paragraph (6) applies where—

(a)a contract or agreement is entered into by a CCP, and

(b)the substantive obligations provided for in the contract or agreement (including payment and delivery obligations and provision of collateral) continue to be performed.

(6)The following are to be disregarded in determining whether a default event provision applies—

(a)a resolution measure, and

(b)the occurrence of any event directly linked to the application of such a measure.

(7)A stabilisation instrument may provide for sub-paragraph (6)—

(a)not to apply in relation to a contract or other agreement, or

(b)to apply in relation to a contract or other agreement only to the extent specified by the Bank in the instrument.

(8)Provision may be made under sub-paragraph (7) only if the Bank considers that such provision would advance one or more of the special resolution objectives.

(9)A stabilisation instrument may provide for sub-paragraph (10) or (11) to apply (but need not apply either) in circumstances where sub-paragraph (6) would not apply.

(10)If this sub-paragraph applies, the stabilisation instrument is to be disregarded in determining whether a default event provision applies.

(11)If this sub-paragraph applies, the stabilisation instrument is to be disregarded in determining whether a default event provision applies except so far as the instrument provides otherwise.

(12)In sub-paragraphs (9), (10) and (11) a reference to a stabilisation instrument is a reference to—

(a)the making of the instrument,

(b)anything that is done by the instrument or is to be, or may be, done under or by virtue of the instrument, and

(c)any action or decision taken or made under this or another enactment in so far as it resulted in, or was connected to, the making of the instrument.

(13)Provision under sub-paragraph (9) may apply sub-paragraph (10) or (11)—

(a)generally or only for specified purposes, cases or circumstances, or

(b)differently for different purposes, cases or circumstances.

(14)A thing is not done by virtue of a stabilisation instrument for the purposes of sub-paragraph (12)(b) merely by virtue of being done under a contract or other agreement rights or obligations under which have been affected by the instrument.

Full captured verbatim text

(1) In this paragraph—

“resolution measure” means—

the making by the Bank of a stabilisation instrument in relation to a CCP,

where an instrument of control under paragraph 38 is in place in relation to a CCP, the exercise by the Bank of any relevant rules of the CCP,

a measure taken by a CCP as a result of directions given under paragraph 2,

the removal by a CCP of a director or senior manager as a result of a requirement imposed under paragraph 5,

the appointment of a temporary manager in relation to a CCP under paragraph 6,

a restriction or prohibition on payments under paragraph 13 or 102,

the recognition by the Bank of third-country resolution action (or part of such action) in accordance with Part 7 of this Schedule, or

the exercise by the Bank of a stabilisation power by virtue of paragraph 146(3);

“default event provision” means a Type 1 or Type 2 default event provision (see sub-paragraphs (2) and (3));

“relevant rules”, in relation to a CCP, mean rules ensuring that the requirements under paragraph 29A or 36 of the Schedule to the Financial Services and Markets Act 2000 (Recognition Requirements for Investment Exchanges, Clearing Houses and Central Securities Depositories) Regulations 2001 (S.I. 2001/995) are met;

“stabilisation instrument” means—

a share transfer instrument,

a property transfer instrument, or

a resolution instrument.

(2) A Type 1 default event provision is a provision of a contract or other agreement that has the effect that if a specified event occurs or situation arises—

(a) the agreement is terminated, modified or replaced,

(b) rights or duties under the agreement are terminated, modified or replaced,

(c) a right accrues to terminate, modify or replace the agreement,

(d) a right accrues to terminate, modify or replace rights or duties under the agreement,

(e) a sum becomes payable or ceases to be payable,

(f) delivery of anything becomes due or ceases to be due,

(g) a right to claim a payment or delivery accrues, changes or lapses,

(h) any other right accrues, changes or lapses,

(i) a right to accelerate, close out, set-off or net obligations accrues, changes or lapses, or

(j) an interest is created, changes or lapses.

(3) A Type 2 default event provision is a provision of a contract or other agreement that has the effect that a provision of the contract or agreement—

(a) takes effect only if a specified event occurs or does not occur,

(b) takes effect only if a specified situation arises or does not arise,

(c) has effect only for so long as a specified event does not occur,

(d) has effect only while a specified situation lasts,

(e) applies differently if a specified event occurs,

(f) applies differently if a specified situation arises, or

(g) applies differently while a specified situation lasts.

(4) For the purposes of sub-paragraphs (2) and (3) it is the effect of a provision that matters, not how it is described (nor, for example, whether it is presented in a positive or a negative form).

(5) Subject to sub-paragraph (7), sub-paragraph (6) applies where—

(a) a contract or agreement is entered into by a CCP, and

(b) the substantive obligations provided for in the contract or agreement (including payment and delivery obligations and provision of collateral) continue to be performed.

(6) The following are to be disregarded in determining whether a default event provision applies—

(a) a resolution measure, and

(b) the occurrence of any event directly linked to the application of such a measure.

(7) A stabilisation instrument may provide for sub-paragraph (6)—

(a) not to apply in relation to a contract or other agreement, or

(b) to apply in relation to a contract or other agreement only to the extent specified by the Bank in the instrument.

(8) Provision may be made under sub-paragraph (7) only if the Bank considers that such provision would advance one or more of the special resolution objectives.

(9) A stabilisation instrument may provide for sub-paragraph (10) or (11) to apply (but need not apply either) in circumstances where sub-paragraph (6) would not apply.

(10) If this sub-paragraph applies, the stabilisation instrument is to be disregarded in determining whether a default event provision applies.

(11) If this sub-paragraph applies, the stabilisation instrument is to be disregarded in determining whether a default event provision applies except so far as the instrument provides otherwise.

(12) In sub-paragraphs (9), (10) and (11) a reference to a stabilisation instrument is a reference to—

(a) the making of the instrument,

(b) anything that is done by the instrument or is to be, or may be, done under or by virtue of the instrument, and

(c) any action or decision taken or made under this or another enactment in so far as it resulted in, or was connected to, the making of the instrument.

(13) Provision under sub-paragraph (9) may apply sub-paragraph (10) or (11)—

(a) generally or only for specified purposes, cases or circumstances, or

(b) differently for different purposes, cases or circumstances.

(14) A thing is not done by virtue of a stabilisation instrument for the purposes of sub-paragraph (12)(b) merely by virtue of being done under a contract or other agreement rights or obligations under which have been affected by the instrument.

What this provision means

Model summary, checked against the text on the left.

Relevance to Signicat: 1/3 · detailed summary (L4) Status: not needed for a short provision · Stored artifact; current recipe verification unavailable

Resolution measures are disregarded for default event clauses if substantive contract obligations continue to be performed.

Only the one-line summary above is stored for this provision; the text itself is the evidence.

Refers to

schedule ref schedule_ref · Sch. 11 para. 102

schedule ref schedule_ref · Sch. 11 para. 13

schedule ref schedule_ref · Sch. 11 para. 146

schedule ref schedule_ref · Sch. 11 para. 2

schedule ref schedule_ref · Sch. 11 para. 38

schedule ref schedule_ref · Sch. 11 para. 5

schedule ref schedule_ref · Sch. 11 para. 6

schedule ref schedule_ref · Sch. 11 para. 84

Referred to by

schedule ref schedule_ref · Sch. 11 para. 139

schedule ref schedule_ref · Sch. 11 para. 140

schedule ref schedule_ref · Sch. 11 para. 149

schedule ref schedule_ref · Sch. 11 para. 154

schedule ref schedule_ref · Sch. 11 para. 159

schedule ref schedule_ref · Sch. 11 para. 160

schedule ref schedule_ref · Sch. 11 para. 162

schedule ref schedule_ref · Sch. 11 para. 163

schedule ref schedule_ref · Sch. 11 para. 84

schedule ref schedule_ref · s. 10

Part summaries

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Verification findings (537)

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-18

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-19

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-20

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-29

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-30

synthesis coverage: missing/unverified L2 schedule-6-part-1

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-32

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-33

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-38

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-39

synthesis coverage: missing/unverified L2 schedule-6-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-40

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-41

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-42

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-43

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-47

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-6-paragraph-48

synthesis coverage: missing/unverified L2 schedule-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-4

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-6

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-7-paragraph-13

synthesis coverage: missing/unverified L2 schedule-8-part-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-8-paragraph-1

synthesis coverage: missing/unverified L2 schedule-8-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-8-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-8-paragraph-3

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-8-paragraph-7

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-8-paragraph-9

synthesis coverage: missing/unverified L2 schedule-9-part-1

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-1-part-2

synthesis coverage: missing/unverified L2 schedule-9-part-2

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synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-9

synthesis coverage: missing/unverified L2 schedule-9-part-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-14

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-9-paragraph-16

synthesis coverage: missing/unverified L2 schedule-10-part-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-1-part-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-1-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-1-part-3

synthesis coverage: missing/unverified L2 schedule-10-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-14

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-16

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-17

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-18

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-19

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-20

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-10-paragraph-21

synthesis coverage: missing/unverified L2 schedule-11-part-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-1

synthesis coverage: missing/unverified L2 schedule-11-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-3

synthesis coverage: missing/unverified L2 schedule-11-part-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-4

synthesis coverage: missing/unverified L2 schedule-11-part-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-14

synthesis coverage: missing/unverified L2 schedule-11-part-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-16

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-17

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-18

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-19

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-20

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-21

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-22

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-23

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-24

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-25

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-26

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-27

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-28

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-29

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-30

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-31

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-32

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-33

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-34

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-35

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-36

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-37

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-38

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-39

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-40

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-41

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-42

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-43

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-44

synthesis coverage: missing/unverified L2 schedule-11-part-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-45

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-46

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-47

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-48

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-49

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-50

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-51

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-52

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-53

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-54

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-55

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-56

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-57

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-58

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-59

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-60

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-61

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-62

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-63

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-64

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-65

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-66

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-67

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-68

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-69

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-70

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-71

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-72

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-73

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-74

synthesis coverage: missing/unverified L2 schedule-11-part-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-75

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-76

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-77

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-78

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-79

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-80

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-81

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-82

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-83

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-84

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-85

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-86

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-87

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-88

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-89

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-90

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-91

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-92

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-93

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-94

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-95

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-96

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-97

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-98

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-99

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-100

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-101

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-102

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-103

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-104

synthesis coverage: missing/unverified L2 schedule-11-part-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-105

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-106

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-107

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-108

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-109

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-110

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-111

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-112

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-113

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-114

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-115

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-116

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-117

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-118

synthesis coverage: missing/unverified L2 schedule-11-part-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-119

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-120

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-121

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-122

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-123

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-124

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-125

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-126

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-127

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-128

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-129

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-130

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-131

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-132

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-133

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-134

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-135

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-136

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-137

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-138

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-139

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-140

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-141

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-142

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-143

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-144

synthesis coverage: missing/unverified L2 schedule-11-part-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-145

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-146

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-147

synthesis coverage: missing/unverified L2 schedule-11-part-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-148

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-149

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-150

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-151

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-152

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-153

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-154

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-155

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-156

synthesis coverage: missing/unverified L2 schedule-11-part-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-157

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-158

synthesis coverage: missing/unverified L2 schedule-11-part-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-159

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-160

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-161

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-162

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-163

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-164

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-11-paragraph-165

synthesis coverage: missing/unverified L2 schedule-12-part-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-1

synthesis coverage: missing/unverified L2 schedule-12-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-2

synthesis coverage: missing/unverified L2 schedule-12-part-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-3

synthesis coverage: missing/unverified L2 schedule-12-part-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-7

synthesis coverage: missing/unverified L2 schedule-12-part-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-12-paragraph-12

synthesis coverage: missing/unverified L2 schedule-13-part-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-13-paragraph-1

synthesis coverage: missing/unverified L2 schedule-13-part-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-13-paragraph-2

synthesis coverage: missing/unverified L2 schedule-14

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-1

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-2

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-3

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-4

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-5

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-6

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-7

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-8

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-9

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-10

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-11

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-12

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-13

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-14

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-15

synthesis coverage: missing evaluation uk:ukpga/2023/29#schedule-14-paragraph-16

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Change history as published

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Pending effects amendments not yet applied to this text

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(b) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(c) · Effective date unknown

Sch. 1 Pt. 5 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 11 and Saving Provisions) Regulations 2025 reg. 9(d)(i) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026 reg. 2(a) · Effective date unknown · s. 1

Show all 14

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026 reg. 2(b) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(b) · Effective date unknown

Sch. 1 Pt. 2 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(c) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 15 and Saving and Transitional Provisions) Regulations 2026 reg. 2(d) · Effective date unknown

s. 1(1) coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(a) · Effective date unknown · s. 1

Sch. 1 Pt. 1 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(b) Sch. Pt. 1 · Effective date unknown

Sch. 1 Pt. 2 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(c) · Effective date unknown

Sch. 1 Pt. 3 coming into force by The Financial Services and Markets Act 2023 (Commencement No. 12 and Saving Provisions) Regulations 2026 reg. 3(d) Sch. Pt. 2 · Effective date unknown

Provenance

Every claim the system makes about this text is traceable to these identifiers.

Instrument: uk:ukpga/2023/29
Part: PART 5 Special resolution action
Version: 86372fb4e615f9918e757dfa…
Content hash: sha256 e78dbb14d9aa7e09d011459f…
Source: legislation.gov.uk/ukpga/2023/29