Review of recovery plans and group recovery plansU.K.
This
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Memorandwm Esboniadol
20.—(1) Article 33 (review of recovery plan) is amended as follows.
(2) In paragraph (1) omit “or 30”.
(3) In paragraph (4) omit “by a competent authority”.
(4) In paragraph (6)—
(a)in sub-paragraph (a)—
(i)omit “is authorised by the PRA or FCA and”;
(ii)for “Article 111 of the capital requirements directive” substitute “ Part 6 of the Capital Requirements Regulations 2013 ”; and
(b)in sub-paragraph (b) omit “or 3” and “or 30”.
Commencement Information
I1Sch. 3 para. 20 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)