- Draft legislation
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
90. In the application of this Part to an FCA-regulated bank the following modifications apply—
(a)in regulation 83(2)—
(i)in paragraph (a) treat the reference to PRA as reference to the FCA;
(ii)in paragraphs (b) and (c) the reference to the PRA does not apply unless the bank has as a member of its immediate group a PRA-authorised person;
(b)in regulation 88—
(i)in paragraph (2)(a) treat the reference to PRA as reference to the FCA;
(ii)in paragraphs (3)(a) and (4)(a) the reference to the PRA does not apply unless the bank has as a member of its immediate group a PRA-authorised person.
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