The Bank Recovery and Resolution (No. 2) Order 2014 No. 3348

PART 16 Cross-border group resolution

CHAPTER 5 Group resolution involving a group subsidiary where neither the PRA nor the FCA is the consolidating supervisor

Application Chapter 5

203.  This Chapter applies where, in relation to a relevant group—

(a) neither the PRA nor the FCA is the consolidating supervisor; and

(b) the Bank decides that a group subsidiary meets the conditions for resolution (“the failing subsidiary”).