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

SCHEDULE 3 U.K. Amendments of the Bank Recovery and Resolution (No.2) Order 2014

12.—(1) Article 18 (assessment of group recovery plan) is amended as follows. U.K.

(2) In paragraph (1) omit “Where every group institution is a UK authorised person,”.

(3) Omit paragraphs (2) and (3).

(4) In paragraph (4)—

(a) in sub-paragraph (a) omit “or another resolution authority”;

(b) in sub-paragraph (b) for “any EEA State in which a group entity conducts business” substitute “ the United Kingdom ”.

Commencement Information

I1 Sch. 3 para. 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(2)