Moved by
Lord Bridges of Headley
7: Page 48, line 8, leave out “, omit the definition of “bank”.” and insert—
“(a) for “subsection (1A)” substitute “subsections (1A) and (1ZB)”;
(b) omit the definition of “bank”;
(c) in the definition of “banking group company” for “that Act” substitute “the Banking Act 2009”.”
8: Page 50, line 33, at end insert—
“( ) In the entry for section 96, in column 2, for paragraphs (a) and (b) substitute—
“(a) Read subsection (2)(a) as “the FCA has informed the Bank of England that the FCA is satisfied that Condition 1 in section 7 is met,”.
(b) Treat the references to the PRA in subsection (3) as references to the FCA.
(ba) Read subsection (3)(a) as “the Bank of England—(i) has informed the FCA that it is satisfied that Condition 2 in section 7 is met, and (ii) has consented to the application,”.””
9: Page 52, line 9, column 1, leave out “and Banking Reform Act” and insert “(Banking Reform) Act 2013”