SCHEDULE 3 Amendments of the Bank Recovery and Resolution (No.2) Order 2014

Provision of group financial support

56.—(1) Article 101 (interpretation of Chapter 4 of Part 7) is amended as follows.

(2) In paragraph (1)—

(a) after “In this Chapter—” insert—

““authorised agreement” has the same meaning as in Chapter 3;”;

(b) omit the definition of “college members”;

(c) in the definition of “group entity” for “, FCA or other competent authority” substitute “or FCA”;

(d) for the definition of “relevant notice” substitute—

““relevant notice” means a notice—

(a)

given by a group entity;

(b)

stating an intention to provide financial support under an authorised agreement; and

(c)

required by rules made by the PRA or FCA under Part 9A of FSMA;”.