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

21.—(1) Article 34 (review of group recovery plan assessed under Chapter 2 of Part 4) is amended as follows. U.K.

(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”.

Commencement Information

I1 Sch. 3 para. 21 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)