Section 71I (sections 71B to 71H: interpretation)U.K.
30.—(1) Section 71I M1 (sections 71B to 71H: interpretation) is amended as follows.
(2) In subsection (2)(b) for “an EEA parent” substitute “ a UK parent ”.
(3) In subsection (3)—
(a)for “an EEA parent” substitute “ a UK parent ”;
(b)for “any EEA state” substitute “ the United Kingdom ”.
(4) In subsection (4) for “Article 2.1(2) and 2.1(3) of the recovery and resolution directive” substitute “ article 2(1) of the Bank Recovery and Resolution (No. 2) Order 2014 ”.
(5) In subsection (5)—
(a)in the definition of “consolidating supervisor”, for “an EEA parent” substitute “ a UK parent ”;
(b)omit the definition of “the recovery and resolution directive”.
Commencement Information
I1Reg. 30 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations
M1Section 71I was inserted by S.I. 2016/1239.