The Bank Recovery and Resolution (No.2) Order was submitted to Parliament on 19 December 2014. This Order amends the provisions of the Companies Act 2006 relating to public takeovers and the powers of the Takeover Panel (in Part 28) so that the mandatory bid rules (see Rule 9 of the Takeover Code) do not apply in relation to any change in interest or shares, etc., arising as a result of the Bank of England's exercise of any of its "stabilisation" or "resolution" powers in respect of financial institutions.
On 5 January 2015, Rule 9 of the Takeover Code was amended to reflect the above.
The Order came into force on 10 January 2015. A copy of the Order is available at: http://www.legislation.gov.uk/uksi/2014/3348/contents/made.
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