PART 6 U.K.Assessment of resolvability and removal of impediments to resolvability

CHAPTER 4 U.K.Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisor

Suspension of requirement to draw up or review group resolution plan U.K.

70.—(1) F1 ... The submission of the Bank's report under article 69 has the effect of suspending the Bank's duty to draw up or review the plan until the Bank determines remedial measures under article 71(3)(c).

F2 (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Words in art. 70(1) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 43(2); 2020 c. 1, Sch. 5 para. 1(1)

F2 Art. 70(2)(3) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 43(3); 2020 c. 1, Sch. 5 para. 1(1)