The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 95 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.
95.—(1) Article 165 (application and interpretation of Chapter 3 of Part 13) is amended as follows.
(2) In paragraph (1) in sub-paragraph (c), for “Article 52 of the recovery and resolution directive” substitute “ section 48H of the Banking Act 2009 (including that section as applied in consequence of the provision made by section 81BA, 83A, 84 or 89A of that Act) ”.
(3) In paragraph (2)—
(a)omit the definition of “business reorganisation plan”;
(b)in the definition of “four month period” for the words from “transmits” to the end substitute “ receives the business reorganisation plan under paragraph (1)(c) ”;
(c)in the definition of “group institution” for “EEA” substitute “ UK ”;
(d)for the definition of “relevant bail-in power” substitute—
““relevant bail-in power” in relation to a group entity means the power in section 12A(2) of the Banking Act 2009;”;
(e)omit the definition of “UK group entity”.
Commencement Information
I1Sch. 3 para. 95 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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