This section has no associated Explanatory Memorandum
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
I1Sch. 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)