http://www.legislation.gov.uk/uksi/2014/3348/article/225/2023-12-31

The Bank Recovery and Resolution (No. 2) Order 2014

text

text/xml

en

Statute Law Database

FINANCIAL SERVICES AND MARKETS

2024-08-28

Expert Participation

2023-12-31

This Order is one of the instruments which implements 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 (OJ No. L 173, 12.6.2014, p. 190) (“the Directive”). The Directive requires EEA States to have powers to manage the failure of credit institutions, investment firms and companies in the same group as a credit institution or investment firm as an alternative to insolvency.