The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 5 is up to date with all changes known to be in force on or before 10 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
5.—(1) Article 8 (resolution planning: preparatory steps and simplified obligations) is amended as follows.U.K.
(2) In paragraph (3)(a) for the words from “information set out in Section B” to “plans)” substitute “ additional information specified in Schedule 2A ”.
(3) After paragraph (3) insert—
“(3A) The Bank may make technical standards specifying relevant criteria which it must take into account when exercising its functions under this article.
(3B) In paragraph (3A) “relevant criteria” means criteria that may be used to assess the impact that an institution's failure would have on financial markets, other institutions and on funding conditions.”.
(4) In paragraph (4)(a) for the words from “set out in” to “group)” substitute “ provided for in Schedule 2B ”.
Commencement Information
I1Sch. 3 para. 5 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)
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