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The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 1394
- SCHEDULE 3
- Paragraph 56
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The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 56 is up to date with all changes known to be in force on or before 09 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.
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Changes and effects yet to be applied to Schedule 3 Paragraph 56:
- Regulations revoked by 2023 c. 29 Sch. 1 Pt. 2
Provision of group financial supportU.K.
This section has no associated Explanatory Memorandum
56.—(1) Article 101 (interpretation of Chapter 4 of Part 7) is amended as follows.
(2) In paragraph (1)—
(a)after “In this Chapter—” insert—
““authorised agreement” has the same meaning as in Chapter 3;”;
(b)omit the definition of “college members”;
(c)in the definition of “group entity” for “, FCA or other competent authority” substitute “ or FCA ”;
(d)for the definition of “relevant notice” substitute—
““relevant notice” means a notice—
(a)given by a group entity;
(b)stating an intention to provide financial support under an authorised agreement; and
(c)required by rules made by the PRA or FCA under Part 9A of FSMA;”.
Commencement Information
I1Sch. 3 para. 56 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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