Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

CHAPTER IV INDEPENDENCE OF VALUERS

Article 37 Definitions

For the purposes of this Chapter, the following definitions apply:

  1. (1)

    "appointing authority" means the legal or natural person responsible for selecting and appointing the independent valuer for the purposes of conducting the valuation referred to in sections 6E, 48X or 54 of the Banking Act 2009;

  2. (2)

    "relevant entity" means an institution or an entity referred to in paragraphs (b), (c) or (d) of the definition of recovery and resolution entities whose assets and liabilities are to be valued pursuant to sections 6E, 48X or 54 of the Banking Act 2009;

  3. (3)

    "relevant public authority" means the appointing authority, the resolution authority or the authorities referred to in section 48T(1) of the Banking Act 2009.