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

PART 6 U.K. Assessment of resolvability and removal of impediments to resolvability

CHAPTER 4 U.K. Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisor

References to EBA U.K.

73.—(1) Where, before the end of the period for joint decision, another resolution authority has referred to EBA in accordance with Article 19 of the EBA Regulation any matter relating to prospective remedial measures which consist of, or include, measures for structural change, the Bank must—

(a) defer a decision on the matter referred for one month beginning with the date on which the period for joint decision 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 period for joint decision is deemed to be the conciliation phase referred to in Article 19.2 of the EBA Regulation.