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The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018
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Recovery and resolution planning
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5.—(1) Article 8 (resolution planning: preparatory steps and simplified obligations) is amended as follows.
(2) In paragraph (3)(a) for the words from “information set out in Section B” to “plans)” substitute “additional information specified in Schedule 2A”.
(3) After paragraph (3) insert—
“(3A) The Bank may make technical standards specifying relevant criteria which it must take into account when exercising its functions under this article.
(3B) In paragraph (3A) “relevant criteria” means criteria that may be used to assess the impact that an institution’s failure would have on financial markets, other institutions and on funding conditions.”.
(4) In paragraph (4)(a) for the words from “set out in” to “group)” substitute “provided for in Schedule 2B”.
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