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The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020
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This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (revoked) No. 1350
CHAPTER 3Transfer of losses or capital between members of a group
Transfer of losses or capital between members of a group
92.—(1) When exercising the functions conferred by section 81B(2) of the Banking Act 2009, the PRA, Bank of England, EU regulation authority or relevant third-country authority (as the case may be) must treat subsection (2A) of that section as if it were omitted.
(2) When exercising the functions conferred by section 81ZBA(2) of that Act, the PRA, Bank of England, EU regulation authority or relevant third-country authority (as the case may be) must treat subsection (2A) of that section as if it were omitted.
(3) When exercising the functions conferred by section 81BA(2) of that Act, the PRA, Bank of England, EU regulation authority or relevant third-country authority (as the case may be) must treat subsection (2A) of that section as if it were omitted.
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