SCHEDULE 1Amendments of the Banking Act 2009

Resolution of UK branches of third-country institutions

47.—(1) The modified version of section 7A substituted by subsection (6) is amended as follows.

(2) In paragraph (b), for the words from “European” to “operating)” substitute “United Kingdom”;

(3) In paragraph (c)—

(a)for “third country” (in the first place it appears) substitute “country or territory”;

(b)for the words “third country (as defined in section 89H(7))” substitute “country or territory (other than the United Kingdom)”.