- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018
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Assessment of resolvability of groups
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Memorandwm Esboniadol
36.—(1) Article 61 (application and interpretation of Chapter 2 of Part 6) is amended as follows.
(2) In paragraph (1)—
(a)in sub-paragraph (a) omit “alone or jointly with other resolution authorities,” and “; or”;
(b)omit sub-paragraph (b).
(3) In paragraph (2)—
(a)for “take resolution action” substitute “apply the resolution tools, exercise resolution powers or take”;
(b)for “any EEA State” substitute “the United Kingdom”.
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Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
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- How and to what extent new policies may impact on them; and,
- The estimated costs and benefits of proposed measures.
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