Assessment of business organisation plan drawn up by a single group entityU.K.
This section has no associated Explanatory Memorandum
93.—(1) Article 163 (application and interpretation of Chapter 2 of Part 13) is amended as follows.
(2) In paragraph (1)(b)—
(a)for the words from “(within” to “or” substitute “ of the relevant entity or the ”;
(b)omit “in accordance with Article 52 of the recovery and resolution directive”.
(3) In paragraph (2)—
(a)after “ “business reorganisation plan” insert “ has the meaning given in section 48H of the Banking Act 2009, as applied by section 81BA of that Act ”;
(b)for “have the” substitute “ has the ”;
(c)for “they have” substitute “ it has ”.
Commencement Information
I1Sch. 3 para. 93 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)