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The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018
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Changes to legislation:
The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 103 is up to date with all changes known to be in force on or before 28 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule 3 Paragraph 103:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Procedural obligations where an undertaking is failing or likely to failU.K.
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adran has no associated
Memorandwm Esboniadol
103.—(1) Article 181 (interpretation of Part 14) is amended as follows.
(2) After “In this Part—” insert—
““crisis prevention measure” has the meaning given in section 48Z(1) of the Banking Act 2009;”.
(3) After the definition of “the regulator” insert—
““supervisory measure” means a power of the FCA or PRA by or under legislation upon which the United Kingdom relied immediately before [F1IP completion day] to meet its obligations with respect to Article 104.1 of the capital requirements directive;”.
(4) In the definition of “undertaking” for “Article 111 of the capital requirements directive” substitute “ Part 6 of the Capital Requirements Regulations 2013 ”.
Textual Amendments
F1Words in Sch. 3 para. 103(3) substituted (30.12.2020) by The Financial Services and Economic and Monetary Policy (Consequential Amendments) (EU Exit) Regulations 2020 (S.I. 2020/1301), regs. 1, 3, Sch. para. 10(c)(vi)
Commencement Information
I1Sch. 3 para. 103 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)
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