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The Bank Recovery and Resolution (No. 2) Order 2014
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Application and interpretation of Chapter 2U.K.
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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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