SCHEDULE 3Amendments of the Bank Recovery and Resolution (No.2) Order 2014
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1
Article 34 (review of group recovery plan assessed under Chapter 2 of Part 4) is amended as follows.
2
In paragraphs (2) and (3) for “UK group entity” in both cases substitute “
UK parent undertaking
”
.
3
In paragraph (4)—
a
omit “by a competent authority”; and
b
for “UK group entity” substitute “
UK parent undertaking
”
.
4
In paragraph (8) omit the definition of “UK group entity”.