S.I. 2012/1759.

1972 c.68. Section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51) and by section 3 of, and the Schedule to, the European Union (Amendment) Act 2008 c.7. By virtue of the amendment of section 1(2) by section 1 of the European Economic Area Act 1993 (c.51), regulations may be made under section 2(2) of the European Communities Act 1972 to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1993 (Cm 2073) and the Protocol adjusting the Agreement signed in Brussels on 17th March 1993 (Cm 2183). The European Communities Act 1972 is repealed with effect from exit day by section 1 of the European Union (Withdrawal) Act 2018.

2018 c.16.

Regulations: power to modify conferred (11.7.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 3, 86(3), Sch. 1 Pt. 2; S.I. 2023/779, reg. 2(d)

http://www.legislation.gov.uk/uksi/2018/1394/contentsThe Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018texttext/xmlenStatute Law DatabaseEXITING THE EUROPEAN UNIONFINANCIAL SERVICES2023-08-24Expert Participation2023-07-11These Regulations are principally made in exercise of the powers conferred by section 8(1) of the European Union (Withdrawal) Act 2018 (c.16) (“the Act”) to address failures of retained European Union law to operate effectively and other deficiencies arising from the withdrawal of the United Kingdom from the European Union (“deficiencies”). In particular, these Regulations address deficiencies under paragraphs (a), (b), (c) and (g) of section 8(2) of the Act and transfer functions under section 8(6) of the Act.The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018RegulationsFinancial Services and Markets Act 2023Sch. 1 Pt. 2s. 1(4)s. 86(3)The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 20181Citation and commencement2Amendments of the Banking Act 20093Amendments of other primary legislation4Amendments of the Bank Recovery and Resolution (No.2) Order 20145Amendments of other secondary legislation6Revocation and amendments of retained direct EU legislation7The following instruments are amended in accordance with Schedule 5—...8Transitional provisions: pre-exit EEA resolution actionSCHEDULE 1Amendments of the Banking Act 20091Introduction2Special resolution regime: introduction3(1) Subsection (1) is amended as follows. 4In subsection (2), for paragraph (a) (but not the “and”...5After subsection (2) insert— (2A) The Treasury may by regulations...6After subsection (3) insert— (4) In this Part a reference...7Objectives and Code8Mandatory write-down, conversion etc of capital instruments9In section 6B (mandatory write-down, conversion, etc of capital instruments),...10(1) Section 6C (mandatory reduction instruments: implementation of requirements of...11Valuation before mandatory write-down of capital or stabilisation action12Exercise of powers: general13(1) Section 7A (effect on other group members, financial stability...14In section 8ZA (specific conditions: asset management vehicle), omit subsection...15The stabilisation options16In section 12AA (bail-in: sequence of write-down and conversion of...17Transfer of securities18Transfer of property19Bail-in option20In section 48C (meaning of “protected deposit”), in subsection (1)...21(1) In section 48D (general interpretation of section 48B), subsection...22(1) Section 48H (business reorganisation plans) is amended as follows....23Termination rights etc24Independent valuer: valuation under section 6E or 48X25Incidental functions26In section 70C (suspension of termination rights), in subsection (6)...27(1) Section 70D (suspension: general provisions) is amended as follows....28In section 75 (power to change law), in subsection (9),...29Groups30(1) Section 81B (sale to commercial purchaser and transfer to...31(1) Section 81ZBA (transfer to asset management vehicle) is amended...32In section 81BA (bail-in option)— (a) in subsection (2) omit...33In section 81CA (section 81BA: supplemental), in subsection (5), omit...34In section 81D (interpretation: “banking group company” etc), in subsection...35Appointment of investigators36(1) Section 83ZE (investigations etc in support of foreign resolution...37Enforcement of relevant requirements38In section 83ZZ (co-operation), in paragraph (c) for “giving” substitute...39Special cases40In section 89A (application of Part 1 to investment firms),...41Third-country resolution actions42(1) Section 89I (effect of recognition of third-country resolution action...43Resolution of UK branches of third-country institutions44In subsection (2)(c) for the words from “meaning” to “directive”...45(1) The modified version of section 6E substituted by subsection...46(1) The modified version of section 7 substituted by subsection...47(1) The modified version of section 7A substituted by subsection...48(1) The modified version of section 48B substituted by subsection...49(1) In the Table of further modifications in subsection (11),...50General provisions51Bank Insolvency52Payment Systems53Miscellaneous provisions54General55(1) In section 259 (statutory instruments), in subsection (3), the...56(1) In section 261 (index of defined terms), the Table...SCHEDULE 2Amendments of other primary legislation1Amendments of the Insolvency Act 19862In paragraph 15BB — (a) in sub-paragraph (a)— 3In paragraph 15C — (a) in sub-paragraph (3) for paragraph...4Amendments of the Financial Services (Banking Reform) Act 2013SCHEDULE 3Amendments of the Bank Recovery and Resolution (No.2) Order 20141Introductory provisions2In article 3 (application of Order), in the opening words,...3Designation of authorities and competent ministry4Recovery and resolution planning5(1) Article 8 (resolution planning: preparatory steps and simplified obligations)...6Omit article 10 (provision of information to EBA). 7Assessment of recovery plan drawn up by an institution8In article 12 (assessment of plan) omit paragraph (2). 9(1) Article 13 (criteria for assessment) is amended as follows....10Assessment of group recovery plan11In article 17(1) (duty to transmit a copy of group...12(1) Article 18 (assessment of group recovery plan) is amended...13(1) Article 19 (purpose of assessment) is amended as follows....14For article 20 substitute— Timing of assessment of plan The appropriate regulator must conclude the assessment within the four...15Omit article 21 (joint assessment of plan). 16(1) Article 22 (revision of plan) is amended as follows....17(1) Article 23 (business changes and relevant measures) is amended...18Omit articles 25 (references to EBA) and 26 (requesting the...19Assessment of group recovery plan where neither the PRA nor the FCA is the consolidating supervisor20Review of recovery plans and group recovery plans21(1) Article 34 (review of group recovery plan assessed under...22Omit article 35 (review of group recovery plan assessed under...23Resolution plans for institutions24(1) Article 37 (the Bank's duty to draw up resolution...25Group resolution plan26(1) Article 41 (information to be transmitted for the purpose...27Omit articles 42 (joint decision on adoption of group resolution...28In article 45 (duty to transmit a copy of the...29Group resolution plan where neither the PRA nor the FCA is the consolidating supervisor30Review of resolution plans and group resolution plans31In article 54 (review of group resolution plan drawn up...32Omit article 55 (review of group resolution plan drawn up...33Information and records for resolution planning34Assessment of resolvability of institutions35(1) Article 60 (assessment of resolvability) is amended as follows....36Assessment of resolvability of groups37(1) Article 62 (assessment of group resolvability where the PRA...38Omit article 63 (assessment of group resolvability where neither the...39Removal of impediments to resolvability of institutions40(1) Article 66 (effect of notice of determination) is amended...41Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisor42(1) Article 69 (report on substantive impediments to the resolvability...43(1) Article 70 (suspension of requirement to draw up or...44(1) Article 71 (determining remedial measures) is amended as follows....45Omit articles 72 (joint decision on impediments to group resolvability...46Removal of impediments to resolvability of groups where neither the PRA nor the FCA is the consolidating supervisor47Authorisation of agreement for group financial support48(1) Article 84 (review of group financial support agreement and...49In article 85 (duty to transmit a copy of application),...50Omit 86 (joint decision with other competent authorities), 87 (references...51In article 89 (duty to transmit a copy of authorised...52(1) Article 90 (amendment of authorised agreement) is amended as...53Authorisation of agreement for group financial support where neither the PRA nor the FCA is the consolidating supervisor54Approval of authorised agreements by the members of a UK group entity55After article 98 insert— Publication of information concerning group financial...56Provision of group financial support57(1) Article 102 (relevant notice from UK group entity: decision...58(1) Article 103 (duties of consolidating supervisor where financial support...59Omit articles 104 (re-assessment of recovery plans by the PRA...60Early intervention with respect to an institution61(1) Article 108 (notice that institution meets the conditions for...62Early intervention with respect to groups where the PRA or FCA is the consolidating supervisor63(1) Article 111 (procedure for early intervention in respect of...64Omit articles 112 (procedure for early intervention in respect of...65Early intervention with respect to groups where neither the PRA nor the FCA is the consolidating supervisor66Minimum requirement for own funds and eligible liabilities: determination of minimum requirement for an institution67In article 122 (duties of the Bank of England in...68(1) Article 123 (determination of minimum requirement) is amended as...69Determination of minimum consolidated requirement where the PRA or FCA is the consolidating supervisor70(1) Article 126 (determination of minimum consolidated requirement) is amended...71Omit articles 127 (joint determination) and 128 (references to EBA:...72In article 129 (review of minimum consolidated requirement), in paragraph...73Determination of minimum consolidated requirement where neither the PRA nor the FCA is the consolidating supervisor74Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisor75(1) Article 134 (duties of the Bank of England in...76(1) Article 135 (determination of minimum requirement) is amended as...77Omit articles 136 (joint determination of minimum requirements) and 137...78(1) Article 138 (review of minimum requirements) is amended as...79(1) Article 139 (minimum requirement for other group entities set...80Determination of minimum requirements for group institutions where neither the PRA nor the FCA is the consolidating supervisor81Minimum requirement for own funds and eligible liabilities: other provisions82(1) Article 148 (meeting minimum requirement through contractual bail-in instruments...83Requirement to write down or convert capital instruments84(1) Article 150 (determinations pursuant to Article 59.3 of the...85(1) Article 152 (determination that Case 2, 3, 4 or...86Omit article 153 (joint determination under Article 59(3)(c) of the...87Removal of procedural impediments to application of bail-in tool88(1) Article 155 (requirement to increase or remove limit on...89After article 156 insert— PART 11A Contractual recognition of bail-in Contractual...90Treatment of derivative contracts where bail-in option is applied91Preparation of business reorganisation plans after application of bail-in tool: assessment of plan drawn up by an institution92(1) Article 161 (purpose of assessment) is amended as follows....93Assessment of business organisation plan drawn up by a single group entity94(1) Article 164 (assessment etc of business reorganisation plan) is...95Assessment of business organisation plan drawn up for relevant group where the PRA or FCA is the consolidating supervisor96Omit article 166 (duty to transmit a copy of business...97(1) Article 167 (assessment of business reorganisation plan) is amended...98(1) Article 168 (purpose of assessment) is amended as follows....99Omit article 170 (joint assessment of plan). 100(1) Article 171 (revision of plan) is amended as follows....101Omit articles 173 (references to European Banking Authority) and 174...102Assessment of business reorganisation plan drawn up for relevant group where neither the PRA nor the FCA is the consolidating supervisor103Procedural obligations where an undertaking is failing or likely to fail104(1) Article 182 (matters to be notified by the regulator...105(1) Article 183 (notification that an undertaking is failing or...106In Part 14, after article 184 insert— Notifications under articles...107Cross-border group resolution108Modified application of company law to banks etc in resolution109(1) Article 218 (modified application of legislation on cross-border mergers)...110(1) Article 219 (modified application of the Companies Act 2006...111(1) Article 220 (modified application of the Companies Act 2006...112Miscellaneous provisions113(1) Article 223 (duty to co-operate) is amended as follows....114Omit articles 224 (non-binding co-operation arrangements in line with EBA...115(1) Article 227 (review) is amended as follows. 116Requirements concerning recovery plans117Information to be contained in a resolution plan118Information to be contained in a group resolution plan119Additional information for purposes of a resolution plan and matters the Bank is to consider when assessing resolvabilitySCHEDULE 4Amendments of other secondary legislation1The Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 20092The Banking Act 2009 (Restriction of Partial Property Transfers) Order 20093The Banking Act 2009 (Restriction of Partial Property Transfers) (Recognised Central Counterparties) Order 20144The Banking Act 2009 (Banking Group Companies) Order 20145The Bank Recovery and Resolution Order 20146The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 20147The Banking Act 2009 (Restriction of Special Bail-in Provision, etc.) Order 20148The Building Societies (Bail-in) Order 20149The Bank Recovery and Resolution Order 2016SCHEDULE 5Amendments of Retained Direct EU legislation1Amendment of Commission Delegated Regulation (EU) 2016/7782Amendment of Commission Delegated Regulation (EU) 2016/860

2018 No. 1394

Exiting The European UnionFinancial Services

The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

Made20th December 2018

Coming into force in accordance with regulation 1

The Treasury are designated for the purpose of section 2(2) of the European Communities Act 1972 in relation to financial services.

The Treasury make the following Regulations in exercise of the powers conferred by section 2(2) of the European Communities Act 1972 and section 8(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018 .

A draft of these Regulations has been approved by a resolution of each House of Parliament in accordance with paragraph 2A(3)(a) of Schedule 2 to the European Communities Act 1972 and paragraph 1(1) of Schedule 7 to the European Union (Withdrawal) Act 2018.

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<notes source="#source">
<note class="commentary M" eId="c23490891">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2012/1759">S.I. 2012/1759</ref>
.
</p>
</note>
<note class="commentary M" eId="c23490901">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/1972/68">1972 c.68</ref>
. Section 2(2) was amended by section 27 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/2006/51">Legislative and Regulatory Reform Act 2006 (c.51)</ref>
and by section 3 of, and the Schedule to, the European Union (Amendment) Act
<ref href="http://www.legislation.gov.uk/id/ukpga/2008/7">2008 c.7</ref>
. By virtue of the amendment of section 1(2) by section 1 of the
<ref href="http://www.legislation.gov.uk/id/ukpga/1993/51">European Economic Area Act 1993 (c.51)</ref>
, regulations may be made under section 2(2) of the European Communities Act 1972 to implement obligations of the United Kingdom created or arising by or under the Agreement on the European Economic Area signed at Oporto on 2nd May 1993 (Cm 2073) and the Protocol adjusting the Agreement signed in Brussels on 17th March 1993 (Cm 2183). The European Communities Act 1972 is repealed with effect from exit day by section 1 of the European Union (Withdrawal) Act 2018.
</p>
</note>
<note class="commentary M" eId="c23490911">
<p>
<ref href="http://www.legislation.gov.uk/id/ukpga/2018/16">2018 c.16</ref>
.
</p>
</note>
<note class="commentary C" eId="key-08040c23bb87c5a55d7a518362458348">
<p>
<ref href="http://www.legislation.gov.uk/id/uksi/2018/1394">Regulations</ref>
: power to modify conferred (11.7.2023) by
<ref href="http://www.legislation.gov.uk/id/ukpga/2023/29">Financial Services and Markets Act 2023 (c. 29)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2023/29/section/3">ss. 3</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2023/29/section/86/3">86(3)</ref>
,
<ref href="http://www.legislation.gov.uk/id/ukpga/2023/29/schedule/1/part/2">Sch. 1 Pt. 2</ref>
;
<ref href="http://www.legislation.gov.uk/id/uksi/2023/779">S.I. 2023/779</ref>
,
<ref href="http://www.legislation.gov.uk/id/uksi/2023/779/regulation/2/d">reg. 2(d)</ref>
</p>
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<tocItem level="0" class="title" href="">The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018</tocItem>
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<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/regulation/5" level="1" class="item">
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<inline name="tocHeading">Amendments of other secondary legislation</inline>
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<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/regulation/6" level="1" class="item">
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<inline name="tocHeading">The following instruments are amended in accordance with Schedule 5—...</inline>
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<inline name="tocNum">8</inline>
<inline name="tocHeading">Transitional provisions: pre-exit EEA resolution action</inline>
</tocItem>
<tocItem href="" level="1" class="schedules"/>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 1</inline>
<inline name="tocHeading">Amendments of the Banking Act 2009</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/1" level="3" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">Introduction</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/2" level="3" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">Special resolution regime: introduction</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/3" level="3" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">(1) Subsection (1) is amended as follows. </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/4" level="3" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">In subsection (2), for paragraph (a) (but not the “and”...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/5" level="3" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">After subsection (2) insert— (2A) The Treasury may by regulations...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/6" level="3" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">After subsection (3) insert— (4) In this Part a reference...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/7" level="3" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading">Objectives and Code</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/8" level="3" class="item">
<inline name="tocNum">8</inline>
<inline name="tocHeading">Mandatory write-down, conversion etc of capital instruments</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/9" level="3" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading">In section 6B (mandatory write-down, conversion, etc of capital instruments),...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/10" level="3" class="item">
<inline name="tocNum">10</inline>
<inline name="tocHeading">(1) Section 6C (mandatory reduction instruments: implementation of requirements of...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/11" level="3" class="item">
<inline name="tocNum">11</inline>
<inline name="tocHeading">Valuation before mandatory write-down of capital or stabilisation action</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/12" level="3" class="item">
<inline name="tocNum">12</inline>
<inline name="tocHeading">Exercise of powers: general</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/13" level="3" class="item">
<inline name="tocNum">13</inline>
<inline name="tocHeading">(1) Section 7A (effect on other group members, financial stability...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/14" level="3" class="item">
<inline name="tocNum">14</inline>
<inline name="tocHeading">In section 8ZA (specific conditions: asset management vehicle), omit subsection...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/15" level="3" class="item">
<inline name="tocNum">15</inline>
<inline name="tocHeading">The stabilisation options</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/16" level="3" class="item">
<inline name="tocNum">16</inline>
<inline name="tocHeading">In section 12AA (bail-in: sequence of write-down and conversion of...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/17" level="3" class="item">
<inline name="tocNum">17</inline>
<inline name="tocHeading">Transfer of securities</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/18" level="3" class="item">
<inline name="tocNum">18</inline>
<inline name="tocHeading">Transfer of property</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/19" level="3" class="item">
<inline name="tocNum">19</inline>
<inline name="tocHeading">Bail-in option</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/20" level="3" class="item">
<inline name="tocNum">20</inline>
<inline name="tocHeading">In section 48C (meaning of “protected deposit”), in subsection (1)...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/21" level="3" class="item">
<inline name="tocNum">21</inline>
<inline name="tocHeading">(1) In section 48D (general interpretation of section 48B), subsection...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/22" level="3" class="item">
<inline name="tocNum">22</inline>
<inline name="tocHeading">(1) Section 48H (business reorganisation plans) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/23" level="3" class="item">
<inline name="tocNum">23</inline>
<inline name="tocHeading">Termination rights etc</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/24" level="3" class="item">
<inline name="tocNum">24</inline>
<inline name="tocHeading">Independent valuer: valuation under section 6E or 48X</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/25" level="3" class="item">
<inline name="tocNum">25</inline>
<inline name="tocHeading">Incidental functions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/26" level="3" class="item">
<inline name="tocNum">26</inline>
<inline name="tocHeading">In section 70C (suspension of termination rights), in subsection (6)...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/27" level="3" class="item">
<inline name="tocNum">27</inline>
<inline name="tocHeading">(1) Section 70D (suspension: general provisions) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/28" level="3" class="item">
<inline name="tocNum">28</inline>
<inline name="tocHeading">In section 75 (power to change law), in subsection (9),...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/29" level="3" class="item">
<inline name="tocNum">29</inline>
<inline name="tocHeading">Groups</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/30" level="3" class="item">
<inline name="tocNum">30</inline>
<inline name="tocHeading">(1) Section 81B (sale to commercial purchaser and transfer to...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/31" level="3" class="item">
<inline name="tocNum">31</inline>
<inline name="tocHeading">(1) Section 81ZBA (transfer to asset management vehicle) is amended...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/32" level="3" class="item">
<inline name="tocNum">32</inline>
<inline name="tocHeading">In section 81BA (bail-in option)— (a) in subsection (2) omit...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/33" level="3" class="item">
<inline name="tocNum">33</inline>
<inline name="tocHeading">In section 81CA (section 81BA: supplemental), in subsection (5), omit...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/34" level="3" class="item">
<inline name="tocNum">34</inline>
<inline name="tocHeading">In section 81D (interpretation: “banking group company” etc), in subsection...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/35" level="3" class="item">
<inline name="tocNum">35</inline>
<inline name="tocHeading">Appointment of investigators</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/36" level="3" class="item">
<inline name="tocNum">36</inline>
<inline name="tocHeading">(1) Section 83ZE (investigations etc in support of foreign resolution...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/37" level="3" class="item">
<inline name="tocNum">37</inline>
<inline name="tocHeading">Enforcement of relevant requirements</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/38" level="3" class="item">
<inline name="tocNum">38</inline>
<inline name="tocHeading">In section 83ZZ (co-operation), in paragraph (c) for “giving” substitute...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/39" level="3" class="item">
<inline name="tocNum">39</inline>
<inline name="tocHeading">Special cases</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/40" level="3" class="item">
<inline name="tocNum">40</inline>
<inline name="tocHeading">In section 89A (application of Part 1 to investment firms),...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/41" level="3" class="item">
<inline name="tocNum">41</inline>
<inline name="tocHeading">Third-country resolution actions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/42" level="3" class="item">
<inline name="tocNum">42</inline>
<inline name="tocHeading">(1) Section 89I (effect of recognition of third-country resolution action...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/43" level="3" class="item">
<inline name="tocNum">43</inline>
<inline name="tocHeading">Resolution of UK branches of third-country institutions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/44" level="3" class="item">
<inline name="tocNum">44</inline>
<inline name="tocHeading">In subsection (2)(c) for the words from “meaning” to “directive”...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/45" level="3" class="item">
<inline name="tocNum">45</inline>
<inline name="tocHeading">(1) The modified version of section 6E substituted by subsection...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/46" level="3" class="item">
<inline name="tocNum">46</inline>
<inline name="tocHeading">(1) The modified version of section 7 substituted by subsection...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/47" level="3" class="item">
<inline name="tocNum">47</inline>
<inline name="tocHeading">(1) The modified version of section 7A substituted by subsection...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/48" level="3" class="item">
<inline name="tocNum">48</inline>
<inline name="tocHeading">(1) The modified version of section 48B substituted by subsection...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/49" level="3" class="item">
<inline name="tocNum">49</inline>
<inline name="tocHeading">(1) In the Table of further modifications in subsection (11),...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/50" level="3" class="item">
<inline name="tocNum">50</inline>
<inline name="tocHeading">General provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/51" level="3" class="item">
<inline name="tocNum">51</inline>
<inline name="tocHeading">Bank Insolvency</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/52" level="3" class="item">
<inline name="tocNum">52</inline>
<inline name="tocHeading">Payment Systems</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/53" level="3" class="item">
<inline name="tocNum">53</inline>
<inline name="tocHeading">Miscellaneous provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/54" level="3" class="item">
<inline name="tocNum">54</inline>
<inline name="tocHeading">General</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/55" level="3" class="item">
<inline name="tocNum">55</inline>
<inline name="tocHeading">(1) In section 259 (statutory instruments), in subsection (3), the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/56" level="3" class="item">
<inline name="tocNum">56</inline>
<inline name="tocHeading">(1) In section 261 (index of defined terms), the Table...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/2" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 2</inline>
<inline name="tocHeading">Amendments of other primary legislation</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/2/paragraph/1" level="3" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">Amendments of the Insolvency Act 1986</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/2/paragraph/2" level="3" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">In paragraph 15BB — (a) in sub-paragraph (a)— </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/2/paragraph/3" level="3" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">In paragraph 15C — (a) in sub-paragraph (3) for paragraph...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/2/paragraph/4" level="3" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">Amendments of the Financial Services (Banking Reform) Act 2013</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 3</inline>
<inline name="tocHeading">Amendments of the Bank Recovery and Resolution (No.2) Order 2014</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/1" level="3" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">Introductory provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/2" level="3" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">In article 3 (application of Order), in the opening words,...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/3" level="3" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">Designation of authorities and competent ministry</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/4" level="3" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">Recovery and resolution planning</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/5" level="3" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">(1) Article 8 (resolution planning: preparatory steps and simplified obligations)...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/6" level="3" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">Omit article 10 (provision of information to EBA). </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/7" level="3" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading">Assessment of recovery plan drawn up by an institution</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/8" level="3" class="item">
<inline name="tocNum">8</inline>
<inline name="tocHeading">In article 12 (assessment of plan) omit paragraph (2). </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/9" level="3" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading">(1) Article 13 (criteria for assessment) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/10" level="3" class="item">
<inline name="tocNum">10</inline>
<inline name="tocHeading">Assessment of group recovery plan</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/11" level="3" class="item">
<inline name="tocNum">11</inline>
<inline name="tocHeading">In article 17(1) (duty to transmit a copy of group...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/12" level="3" class="item">
<inline name="tocNum">12</inline>
<inline name="tocHeading">(1) Article 18 (assessment of group recovery plan) is amended...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/13" level="3" class="item">
<inline name="tocNum">13</inline>
<inline name="tocHeading">(1) Article 19 (purpose of assessment) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/14" level="3" class="item">
<inline name="tocNum">14</inline>
<inline name="tocHeading">For article 20 substitute— Timing of assessment of plan The appropriate regulator must conclude the assessment within the four...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/15" level="3" class="item">
<inline name="tocNum">15</inline>
<inline name="tocHeading">Omit article 21 (joint assessment of plan). </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/16" level="3" class="item">
<inline name="tocNum">16</inline>
<inline name="tocHeading">(1) Article 22 (revision of plan) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/17" level="3" class="item">
<inline name="tocNum">17</inline>
<inline name="tocHeading">(1) Article 23 (business changes and relevant measures) is amended...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/18" level="3" class="item">
<inline name="tocNum">18</inline>
<inline name="tocHeading">Omit articles 25 (references to EBA) and 26 (requesting the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/19" level="3" class="item">
<inline name="tocNum">19</inline>
<inline name="tocHeading">Assessment of group recovery plan where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/20" level="3" class="item">
<inline name="tocNum">20</inline>
<inline name="tocHeading">Review of recovery plans and group recovery plans</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/21" level="3" class="item">
<inline name="tocNum">21</inline>
<inline name="tocHeading">(1) Article 34 (review of group recovery plan assessed under...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/22" level="3" class="item">
<inline name="tocNum">22</inline>
<inline name="tocHeading">Omit article 35 (review of group recovery plan assessed under...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/23" level="3" class="item">
<inline name="tocNum">23</inline>
<inline name="tocHeading">Resolution plans for institutions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/24" level="3" class="item">
<inline name="tocNum">24</inline>
<inline name="tocHeading">(1) Article 37 (the Bank's duty to draw up resolution...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/25" level="3" class="item">
<inline name="tocNum">25</inline>
<inline name="tocHeading">Group resolution plan</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/26" level="3" class="item">
<inline name="tocNum">26</inline>
<inline name="tocHeading">(1) Article 41 (information to be transmitted for the purpose...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/27" level="3" class="item">
<inline name="tocNum">27</inline>
<inline name="tocHeading">Omit articles 42 (joint decision on adoption of group resolution...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/28" level="3" class="item">
<inline name="tocNum">28</inline>
<inline name="tocHeading">In article 45 (duty to transmit a copy of the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/29" level="3" class="item">
<inline name="tocNum">29</inline>
<inline name="tocHeading">Group resolution plan where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/30" level="3" class="item">
<inline name="tocNum">30</inline>
<inline name="tocHeading">Review of resolution plans and group resolution plans</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/31" level="3" class="item">
<inline name="tocNum">31</inline>
<inline name="tocHeading">In article 54 (review of group resolution plan drawn up...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/32" level="3" class="item">
<inline name="tocNum">32</inline>
<inline name="tocHeading">Omit article 55 (review of group resolution plan drawn up...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/33" level="3" class="item">
<inline name="tocNum">33</inline>
<inline name="tocHeading">Information and records for resolution planning</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/34" level="3" class="item">
<inline name="tocNum">34</inline>
<inline name="tocHeading">Assessment of resolvability of institutions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/35" level="3" class="item">
<inline name="tocNum">35</inline>
<inline name="tocHeading">(1) Article 60 (assessment of resolvability) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/36" level="3" class="item">
<inline name="tocNum">36</inline>
<inline name="tocHeading">Assessment of resolvability of groups</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/37" level="3" class="item">
<inline name="tocNum">37</inline>
<inline name="tocHeading">(1) Article 62 (assessment of group resolvability where the PRA...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/38" level="3" class="item">
<inline name="tocNum">38</inline>
<inline name="tocHeading">Omit article 63 (assessment of group resolvability where neither the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/39" level="3" class="item">
<inline name="tocNum">39</inline>
<inline name="tocHeading">Removal of impediments to resolvability of institutions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/40" level="3" class="item">
<inline name="tocNum">40</inline>
<inline name="tocHeading">(1) Article 66 (effect of notice of determination) is amended...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/41" level="3" class="item">
<inline name="tocNum">41</inline>
<inline name="tocHeading">Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/42" level="3" class="item">
<inline name="tocNum">42</inline>
<inline name="tocHeading">(1) Article 69 (report on substantive impediments to the resolvability...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/43" level="3" class="item">
<inline name="tocNum">43</inline>
<inline name="tocHeading">(1) Article 70 (suspension of requirement to draw up or...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/44" level="3" class="item">
<inline name="tocNum">44</inline>
<inline name="tocHeading">(1) Article 71 (determining remedial measures) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/45" level="3" class="item">
<inline name="tocNum">45</inline>
<inline name="tocHeading">Omit articles 72 (joint decision on impediments to group resolvability...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/46" level="3" class="item">
<inline name="tocNum">46</inline>
<inline name="tocHeading">Removal of impediments to resolvability of groups where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/47" level="3" class="item">
<inline name="tocNum">47</inline>
<inline name="tocHeading">Authorisation of agreement for group financial support</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/48" level="3" class="item">
<inline name="tocNum">48</inline>
<inline name="tocHeading">(1) Article 84 (review of group financial support agreement and...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/49" level="3" class="item">
<inline name="tocNum">49</inline>
<inline name="tocHeading">In article 85 (duty to transmit a copy of application),...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/50" level="3" class="item">
<inline name="tocNum">50</inline>
<inline name="tocHeading">Omit 86 (joint decision with other competent authorities), 87 (references...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/51" level="3" class="item">
<inline name="tocNum">51</inline>
<inline name="tocHeading">In article 89 (duty to transmit a copy of authorised...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/52" level="3" class="item">
<inline name="tocNum">52</inline>
<inline name="tocHeading">(1) Article 90 (amendment of authorised agreement) is amended as...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/53" level="3" class="item">
<inline name="tocNum">53</inline>
<inline name="tocHeading">Authorisation of agreement for group financial support where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/54" level="3" class="item">
<inline name="tocNum">54</inline>
<inline name="tocHeading">Approval of authorised agreements by the members of a UK group entity</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/55" level="3" class="item">
<inline name="tocNum">55</inline>
<inline name="tocHeading">After article 98 insert— Publication of information concerning group financial...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/56" level="3" class="item">
<inline name="tocNum">56</inline>
<inline name="tocHeading">Provision of group financial support</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/57" level="3" class="item">
<inline name="tocNum">57</inline>
<inline name="tocHeading">(1) Article 102 (relevant notice from UK group entity: decision...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/58" level="3" class="item">
<inline name="tocNum">58</inline>
<inline name="tocHeading">(1) Article 103 (duties of consolidating supervisor where financial support...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/59" level="3" class="item">
<inline name="tocNum">59</inline>
<inline name="tocHeading">Omit articles 104 (re-assessment of recovery plans by the PRA...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/60" level="3" class="item">
<inline name="tocNum">60</inline>
<inline name="tocHeading">Early intervention with respect to an institution</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/61" level="3" class="item">
<inline name="tocNum">61</inline>
<inline name="tocHeading">(1) Article 108 (notice that institution meets the conditions for...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/62" level="3" class="item">
<inline name="tocNum">62</inline>
<inline name="tocHeading">Early intervention with respect to groups where the PRA or FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/63" level="3" class="item">
<inline name="tocNum">63</inline>
<inline name="tocHeading">(1) Article 111 (procedure for early intervention in respect of...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/64" level="3" class="item">
<inline name="tocNum">64</inline>
<inline name="tocHeading">Omit articles 112 (procedure for early intervention in respect of...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/65" level="3" class="item">
<inline name="tocNum">65</inline>
<inline name="tocHeading">Early intervention with respect to groups where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/66" level="3" class="item">
<inline name="tocNum">66</inline>
<inline name="tocHeading">Minimum requirement for own funds and eligible liabilities: determination of minimum requirement for an institution</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/67" level="3" class="item">
<inline name="tocNum">67</inline>
<inline name="tocHeading">In article 122 (duties of the Bank of England in...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/68" level="3" class="item">
<inline name="tocNum">68</inline>
<inline name="tocHeading">(1) Article 123 (determination of minimum requirement) is amended as...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/69" level="3" class="item">
<inline name="tocNum">69</inline>
<inline name="tocHeading">Determination of minimum consolidated requirement where the PRA or FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/70" level="3" class="item">
<inline name="tocNum">70</inline>
<inline name="tocHeading">(1) Article 126 (determination of minimum consolidated requirement) is amended...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/71" level="3" class="item">
<inline name="tocNum">71</inline>
<inline name="tocHeading">Omit articles 127 (joint determination) and 128 (references to EBA:...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/72" level="3" class="item">
<inline name="tocNum">72</inline>
<inline name="tocHeading">In article 129 (review of minimum consolidated requirement), in paragraph...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/73" level="3" class="item">
<inline name="tocNum">73</inline>
<inline name="tocHeading">Determination of minimum consolidated requirement where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/74" level="3" class="item">
<inline name="tocNum">74</inline>
<inline name="tocHeading">Determination of minimum requirements for group institutions where the PRA or FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/75" level="3" class="item">
<inline name="tocNum">75</inline>
<inline name="tocHeading">(1) Article 134 (duties of the Bank of England in...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/76" level="3" class="item">
<inline name="tocNum">76</inline>
<inline name="tocHeading">(1) Article 135 (determination of minimum requirement) is amended as...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/77" level="3" class="item">
<inline name="tocNum">77</inline>
<inline name="tocHeading">Omit articles 136 (joint determination of minimum requirements) and 137...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/78" level="3" class="item">
<inline name="tocNum">78</inline>
<inline name="tocHeading">(1) Article 138 (review of minimum requirements) is amended as...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/79" level="3" class="item">
<inline name="tocNum">79</inline>
<inline name="tocHeading">(1) Article 139 (minimum requirement for other group entities set...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/80" level="3" class="item">
<inline name="tocNum">80</inline>
<inline name="tocHeading">Determination of minimum requirements for group institutions where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/81" level="3" class="item">
<inline name="tocNum">81</inline>
<inline name="tocHeading">Minimum requirement for own funds and eligible liabilities: other provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/82" level="3" class="item">
<inline name="tocNum">82</inline>
<inline name="tocHeading">(1) Article 148 (meeting minimum requirement through contractual bail-in instruments...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/83" level="3" class="item">
<inline name="tocNum">83</inline>
<inline name="tocHeading">Requirement to write down or convert capital instruments</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/84" level="3" class="item">
<inline name="tocNum">84</inline>
<inline name="tocHeading">(1) Article 150 (determinations pursuant to Article 59.3 of the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/85" level="3" class="item">
<inline name="tocNum">85</inline>
<inline name="tocHeading">(1) Article 152 (determination that Case 2, 3, 4 or...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/86" level="3" class="item">
<inline name="tocNum">86</inline>
<inline name="tocHeading">Omit article 153 (joint determination under Article 59(3)(c) of the...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/87" level="3" class="item">
<inline name="tocNum">87</inline>
<inline name="tocHeading">Removal of procedural impediments to application of bail-in tool</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/88" level="3" class="item">
<inline name="tocNum">88</inline>
<inline name="tocHeading">(1) Article 155 (requirement to increase or remove limit on...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/89" level="3" class="item">
<inline name="tocNum">89</inline>
<inline name="tocHeading">After article 156 insert— PART 11A Contractual recognition of bail-in Contractual...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/90" level="3" class="item">
<inline name="tocNum">90</inline>
<inline name="tocHeading">Treatment of derivative contracts where bail-in option is applied</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/91" level="3" class="item">
<inline name="tocNum">91</inline>
<inline name="tocHeading">Preparation of business reorganisation plans after application of bail-in tool: assessment of plan drawn up by an institution</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/92" level="3" class="item">
<inline name="tocNum">92</inline>
<inline name="tocHeading">(1) Article 161 (purpose of assessment) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/93" level="3" class="item">
<inline name="tocNum">93</inline>
<inline name="tocHeading">Assessment of business organisation plan drawn up by a single group entity</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/94" level="3" class="item">
<inline name="tocNum">94</inline>
<inline name="tocHeading">(1) Article 164 (assessment etc of business reorganisation plan) is...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/95" level="3" class="item">
<inline name="tocNum">95</inline>
<inline name="tocHeading">Assessment of business organisation plan drawn up for relevant group where the PRA or FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/96" level="3" class="item">
<inline name="tocNum">96</inline>
<inline name="tocHeading">Omit article 166 (duty to transmit a copy of business...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/97" level="3" class="item">
<inline name="tocNum">97</inline>
<inline name="tocHeading">(1) Article 167 (assessment of business reorganisation plan) is amended...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/98" level="3" class="item">
<inline name="tocNum">98</inline>
<inline name="tocHeading">(1) Article 168 (purpose of assessment) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/99" level="3" class="item">
<inline name="tocNum">99</inline>
<inline name="tocHeading">Omit article 170 (joint assessment of plan). </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/100" level="3" class="item">
<inline name="tocNum">100</inline>
<inline name="tocHeading">(1) Article 171 (revision of plan) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/101" level="3" class="item">
<inline name="tocNum">101</inline>
<inline name="tocHeading">Omit articles 173 (references to European Banking Authority) and 174...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/102" level="3" class="item">
<inline name="tocNum">102</inline>
<inline name="tocHeading">Assessment of business reorganisation plan drawn up for relevant group where neither the PRA nor the FCA is the consolidating supervisor</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/103" level="3" class="item">
<inline name="tocNum">103</inline>
<inline name="tocHeading">Procedural obligations where an undertaking is failing or likely to fail</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/104" level="3" class="item">
<inline name="tocNum">104</inline>
<inline name="tocHeading">(1) Article 182 (matters to be notified by the regulator...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/105" level="3" class="item">
<inline name="tocNum">105</inline>
<inline name="tocHeading">(1) Article 183 (notification that an undertaking is failing or...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/106" level="3" class="item">
<inline name="tocNum">106</inline>
<inline name="tocHeading">In Part 14, after article 184 insert— Notifications under articles...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/107" level="3" class="item">
<inline name="tocNum">107</inline>
<inline name="tocHeading">Cross-border group resolution</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/108" level="3" class="item">
<inline name="tocNum">108</inline>
<inline name="tocHeading">Modified application of company law to banks etc in resolution</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/109" level="3" class="item">
<inline name="tocNum">109</inline>
<inline name="tocHeading">(1) Article 218 (modified application of legislation on cross-border mergers)...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/110" level="3" class="item">
<inline name="tocNum">110</inline>
<inline name="tocHeading">(1) Article 219 (modified application of the Companies Act 2006...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/111" level="3" class="item">
<inline name="tocNum">111</inline>
<inline name="tocHeading">(1) Article 220 (modified application of the Companies Act 2006...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/112" level="3" class="item">
<inline name="tocNum">112</inline>
<inline name="tocHeading">Miscellaneous provisions</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/113" level="3" class="item">
<inline name="tocNum">113</inline>
<inline name="tocHeading">(1) Article 223 (duty to co-operate) is amended as follows....</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/114" level="3" class="item">
<inline name="tocNum">114</inline>
<inline name="tocHeading">Omit articles 224 (non-binding co-operation arrangements in line with EBA...</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/115" level="3" class="item">
<inline name="tocNum">115</inline>
<inline name="tocHeading">(1) Article 227 (review) is amended as follows. </inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/116" level="3" class="item">
<inline name="tocNum">116</inline>
<inline name="tocHeading">Requirements concerning recovery plans</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/117" level="3" class="item">
<inline name="tocNum">117</inline>
<inline name="tocHeading">Information to be contained in a resolution plan</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/118" level="3" class="item">
<inline name="tocNum">118</inline>
<inline name="tocHeading">Information to be contained in a group resolution plan</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/3/paragraph/119" level="3" class="item">
<inline name="tocNum">119</inline>
<inline name="tocHeading">Additional information for purposes of a resolution plan and matters the Bank is to consider when assessing resolvability</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 4</inline>
<inline name="tocHeading">Amendments of other secondary legislation</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/1" level="3" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">The Banking Act 2009 (Third Party Compensation Arrangements for Partial Property Transfers) Regulations 2009</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/2" level="3" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">The Banking Act 2009 (Restriction of Partial Property Transfers) Order 2009</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/3" level="3" class="item">
<inline name="tocNum">3</inline>
<inline name="tocHeading">The Banking Act 2009 (Restriction of Partial Property Transfers) (Recognised Central Counterparties) Order 2014</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/4" level="3" class="item">
<inline name="tocNum">4</inline>
<inline name="tocHeading">The Banking Act 2009 (Banking Group Companies) Order 2014</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/5" level="3" class="item">
<inline name="tocNum">5</inline>
<inline name="tocHeading">The Bank Recovery and Resolution Order 2014</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/6" level="3" class="item">
<inline name="tocNum">6</inline>
<inline name="tocHeading">The Banking Act 2009 (Mandatory Compensation Arrangements Following Bail-in) Regulations 2014</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/7" level="3" class="item">
<inline name="tocNum">7</inline>
<inline name="tocHeading">The Banking Act 2009 (Restriction of Special Bail-in Provision, etc.) Order 2014</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/8" level="3" class="item">
<inline name="tocNum">8</inline>
<inline name="tocHeading">The Building Societies (Bail-in) Order 2014</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/4/paragraph/9" level="3" class="item">
<inline name="tocNum">9</inline>
<inline name="tocHeading">The Bank Recovery and Resolution Order 2016</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/5" level="2" class="schedule">
<inline name="tocNum">SCHEDULE 5</inline>
<inline name="tocHeading">Amendments of Retained Direct EU legislation</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/5/paragraph/1" level="3" class="item">
<inline name="tocNum">1</inline>
<inline name="tocHeading">Amendment of Commission Delegated Regulation (EU) 2016/778</inline>
</tocItem>
<tocItem href="http://www.legislation.gov.uk/uksi/2018/1394/schedule/5/paragraph/2" level="3" class="item">
<inline name="tocNum">2</inline>
<inline name="tocHeading">Amendment of Commission Delegated Regulation (EU) 2016/860</inline>
</tocItem>
</toc>
</coverPage>
<preface period="#period1">
<p class="number">
<docNumber>2018 No. 1394</docNumber>
</p>
<block name="subject">
<concept class="title" refersTo="#d4e1151">Exiting The European Union</concept>
</block>
<block name="subject">
<concept class="title" refersTo="#d4e1154">Financial Services</concept>
</block>
<p class="title">
<shortTitle>The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018</shortTitle>
</p>
<p class="MadeDate">
<span>Made</span>
<docDate date="2018-12-20">20th December 2018</docDate>
</p>
<p class="ComingIntoForce">
<span>Coming into force in accordance with regulation 1</span>
</p>
</preface>
<preamble>
<formula name="EnactingText">
<p>
<noteRef href="#c23490891" marker="M1" class="commentary M"/>
<noteRef href="#c23490901" marker="M2" class="commentary M"/>
The Treasury are designated for the purpose of section 2(2) of the European Communities Act 1972 in relation to financial services.
</p>
<p>
<noteRef href="#c23490911" marker="M3" class="commentary M"/>
The Treasury make the following Regulations in exercise of the powers conferred by section 2(2) of the European Communities Act 1972 and section 8(1) of, and paragraph 21 of Schedule 7 to, the European Union (Withdrawal) Act 2018 .
</p>
<p>
A draft of these Regulations has been approved by a resolution of each House of Parliament in accordance with paragraph 2A(3)(a) of Schedule 2 to the European Communities Act 1972 and paragraph 1(1) of Schedule 7 to the European Union (Withdrawal) Act 2018.
<noteRef href="#key-08040c23bb87c5a55d7a518362458348" marker="C1" class="commentary C"/>
</p>
</formula>
</preamble>
<body/>
</act>
</akomaNtoso>