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The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

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Changes over time for: 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 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. Help about Changes to Legislation

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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