Version Superseded: 31/12/2020
Point in time view as at 01/03/2017. This version of this provision has been superseded.
There are currently no known outstanding effects for the The Bank Recovery and Resolution (No. 2) Order 2014, Section 173.
173.—(1) Where, before the end of the four month period, another resolution authority has referred to EBA in accordance with Article 19 of the EBA Regulation any matter relating to the assessment of the business reorganisation plan, the Bank must—
(a)defer a decision on the matter referred for one month beginning with the date on which the four month period ends; and
(b)ensure that the decision conforms with any decision taken by EBA before the end of that month under Article 19.3 of the EBA Regulation.
(2) For the purposes of a reference to EBA of a matter to which this article refers the four month period is deemed to be the conciliation phase referred to in Article 19.2 of the EBA Regulation.
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