The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018

Assessment of resolvability of groups U.K.

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

F1 Sch. 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

I1 Sch. 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)