The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 No. 1394

SCHEDULE 1 U.K. Amendments of the Banking Act 2009

13.—(1) Section 7A (effect on other group members, financial stability in EU etc) is amended as follows. U.K.

(2) In the heading, for “EU” substitute “ UK ”.

(3) In subsection (1)—

(a) in paragraph (b) for “EEA” substitute “ United Kingdom ”;

(b) in paragraph (c) for “European Union or of the EEA states” substitute “ United Kingdom ”.

(4) In subsection (2)—

(a) in paragraph (b) for the words from “European” to “operating)” substitute “ United Kingdom ”;

(b) in paragraph (c)—

(i) for “third countries” in the first place it appears substitute “ countries other than the United Kingdom ”;

(ii) omit “third” in the second place it appears.

Commencement Information

I1 Sch. 1 para. 13 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)