LegalizeReform history
Bank Resolution (Recapitalisation) Act 2025
2 versions
· 2025-05-15
2025-07-16
Bank Resolution (Recapitalisation) Act 2025
Changes on 2025-07-16
@@ -26,7 +26,7 @@
##### 2
In Part 15 of the Financial Services and Markets Act 2000, after [section 214E](#p00132) (as inserted by [section 1](https://www.legislation.gov.uk/ukpga/2025/15/section/1/enacted) of this Act) insert—
In Part 15 of the Financial Services and Markets Act 2000, after [section 214E](#p00132) (as inserted by [section 1](https://www.legislation.gov.uk/ukpga/2025/15/section/1/2025-07-16) of this Act) insert—
> (214F)
> (1) This section applies where the Bank of England requires the scheme manager to make a recapitalisation payment under [section 214E](#p00132).
@@ -50,7 +50,7 @@
##### 3
In Part 15 of the Financial Services and Markets Act 2000, after [section 214F](#p00207) (as inserted by [section 2](https://www.legislation.gov.uk/ukpga/2025/15/section/2/enacted) of this Act) insert—
In Part 15 of the Financial Services and Markets Act 2000, after [section 214F](#p00207) (as inserted by [section 2](https://www.legislation.gov.uk/ukpga/2025/15/section/2/2025-07-16) of this Act) insert—
> (214G)
> (1) Where the Bank of England requires the scheme manager to make a recapitalisation payment under [section 214E](#p00132), the Bank must, as soon as reasonably practicable, notify in writing the chair of each relevant Parliamentary Committee that it has done so.
@@ -68,7 +68,7 @@
##### 4
In Part 15 of the Financial Services and Markets Act 2000, after [section 214G](#p00290) (as inserted by [section 3](https://www.legislation.gov.uk/ukpga/2025/15/section/3/enacted) of this Act) insert—
In Part 15 of the Financial Services and Markets Act 2000, after [section 214G](#p00290) (as inserted by [section 3](https://www.legislation.gov.uk/ukpga/2025/15/section/3/2025-07-16) of this Act) insert—
> (214H)
> (1) The Bank must reimburse the scheme manager for any recapitalisation payment, or any part of a recapitalisation payment, relating to a financial institution, which is not needed to cover the costs and expenses mentioned in [section 214E](#p00132)[(2)](#p00146)[(a)](#p00149) and [(b)](#p00153) because—
@@ -153,7 +153,7 @@
- (1) This Act extends to England and Wales, Scotland and Northern Ireland.
- (2) Sections [1](https://www.legislation.gov.uk/ukpga/2025/15/section/1/enacted) to [7](https://www.legislation.gov.uk/ukpga/2025/15/section/7/enacted) of this Act come into force on such day as the Treasury may by regulations appoint.
- (2) Sections [1](https://www.legislation.gov.uk/ukpga/2025/15/section/1/2025-07-16) to [7](https://www.legislation.gov.uk/ukpga/2025/15/section/7/2025-07-16) of this Act come into force on such day as the Treasury may by regulations appoint.
- (3) Regulations under this section are to be made by statutory instrument.
2025-05-15
Bank Resolution (Recapitalisation) Act 2025
original version
Text at this date