Consolidated supervision
This section has no associated Explanatory Memorandum
113. In section 3M (directions relating to consolidated supervision of group)(1), in subsection (3), after paragraph (d) insert—
“(e)Directive 2014/59/EU of the European Parliament and of the Council of 15th May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms.(2)”.
(1)
Section 3M inserted by section 6 of the Financial Services Act 2012 (c.12), amended by SI 2013/3115.
(2)
OJ L 173, 12.06.2014, p90.