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”.