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

Review of recovery plans and group recovery plansI120

1

Article 33 (review of recovery plan) is amended as follows.

2

In paragraph (1) omit “or 30”.

3

In paragraph (4) omit “by a competent authority”.

4

In paragraph (6)—

a

in sub-paragraph (a)—

i

omit “is authorised by the PRA or FCA and”;

ii

for “Article 111 of the capital requirements directive” substitute “ Part 6 of the Capital Requirements Regulations 2013 ”; and

b

in sub-paragraph (b) omit “or 3” and “or 30”.