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Financial Services and Markets Act

16 July 2010
Issue: 7426 / Categories: Legislation
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Financial Services and Markets Act 2000 (Contribution to Costs of Special Resolution Regime) Regulations 2010 (SI 2010/Draft)

Repeal and replace the Financial Services and Markets Act 2000 (Contribution to Costs of Special Resolution Regime) Regulations 2009 (SI 2009/807). Allow the Treasury to call upon Financial Services Compensation Scheme (FSCS) to contribute to costs associated with the exercise of a stabilisation power of the special resolution regime (SRR) under the Banking Act 2009, Pt 1 to resolve a failing bank or building society. Set out the type of information that is to be contained in a notification from the Treasury to the FSCS that it is required to make payments in respect of the resolution, including information on the institution itself and the recoveries the Treasury expects.

 

In force : N/A

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MOVERS & SHAKERS

Birketts—trainee cohort

Birketts—trainee cohort

Firm welcomes new cohort of 29 trainee solicitors for 2025

Keoghs—four appointments

Keoghs—four appointments

Four partner hires expand legal expertise in Scotland and Northern Ireland

Brabners—Ben Lamb

Brabners—Ben Lamb

Real estate team in Yorkshire welcomes new partner

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