There are outstanding changes not yet made by the legislation.gov.uk editorial team to The Bank Recovery and Resolution (No. 2) Order 2014. Any changes that have already been made by the team appear in the content and are referenced with annotations.
163.—(1) This Chapter applies where, in relation to a relevant group—
(a)the Bank has made a resolution instrument under section 12A of the Banking Act 2009 in respect of a single group entity which is not an institution (“the relevant entity”); and
(b)the management body [F1of the relevant entity or the] resolution administrator submits a to the Bank for assessment F2....
(2) In this Chapter “business reorganisation plan” [F3has the meaning given in section 48H of the Banking Act 2009, as applied by section 81BA of that Act] and “resolution administrator” [F4has the] same meaning for the relevant entity as [F5it has] for an institution in Chapter 1.
Textual Amendments
F1Words in art. 163(1)(b) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(2)(a); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in art. 163(1)(b) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(2)(b); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in art. 163(2) inserted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(3)(a); 2020 c. 1, Sch. 5 para. 1(1)
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