Amendment of the Bank Recovery and Resolution (No.2) Order 2014
This section has no associated Explanatory Memorandum
36. In article 62—
(a)in paragraph (2), at the end insert “in respect of the relevant group and, where there is more than one resolution group in the relevant group, in respect of each resolution group”;
(b)in paragraph (3)(b), for “group entities” substitute “resolution entities”;
(c)in paragraph (5)—
(i)after “The relevant group” insert “or a resolution group”;
(ii)after “take resolution action” insert “in respect of resolution entities”.