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12.—(1) In Article 22—
(a)in paragraph 3, for “Directive 2014/59/EU” substitute “ the Bank Recovery and Resolution (No.2) Order 2014 M1 ”;
(b)omit paragraphs 6 to 8;
(c)in paragraph 10—
(i)in the first sub-paragraph—
(aa)for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;
(bb)omit points (b) and (c);
(ii)omit the second and third sub-paragraphs;
(d)in paragraph 11—
(i)in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;
(ii)omit the second and third sub-paragraphs.
(2) Omit Articles 23 and 24.
Commencement Information
I1Reg. 12 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)
Marginal Citations