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The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018
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- UK Statutory Instruments
- 2018 No. 1394
- SCHEDULE 3
- Paragraph 36
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The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 36 is up to date with all changes known to be in force on or before 30 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Assessment of resolvability of groupsU.K.
This section has no associated Explanatory Memorandum
36.—(1) Article 61 (application and interpretation of Chapter 2 of Part 6) is amended as follows.
(2) In paragraph (1)—
(a)in sub-paragraph (a) omit “alone or jointly with other resolution authorities,” and “; or”;
(b)omit sub-paragraph (b).
(3) In paragraph (2)—
[F1(a)for “take resolution action in respect of resolution entities or”, substitute “apply the resolution tools or exercise resolution powers in respect of resolution entities, or take”;]
(b)for “any EEA State” substitute “ the United Kingdom ”.
Textual Amendments
F1Sch. 3 para. 36(3)(a) substituted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 77(2)
Commencement Information
I1Sch. 3 para. 36 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)
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