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Financial Services Act 2012

Financial Services Act 2012 s 67

s 67 Interpretation of Part 4

(1) This section has effect for the interpretation of this Part. (2) “ Public funds notification ” is to be read in accordance with section 58(2). (3) “ Financial assistance ” includes giving guarantees or indemnities and any other kind of financial assistance (actual or contingent). (4) The Treasury may by order provide that a specified activity or transaction, or class of activity or transaction, is to be or not to be treated as financial assistance for the purposes of this Part; and subsection (3) is subject to this subsection. (5) “ Qualifying financial assistance ” is to be read in accordance with section 60(5). (6) Group entity” has the same meaning as in the Bank Recovery and Resolution ( No. 2) Order 2014 ( S.I. 2014/3348). (7) “ Group resolution plan ” means a group resolution plan drawn up by the Bank under Part 5 of that Order. (8) “ Resolution plan ” means a resolution plan drawn up by the Bank under Part 5 of that Order. (9) “ Stabilisation power ” has the same meaning as in section 1(4) of the Banking Act 2009.

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