The Bank Recovery and Resolution (No. 2) Order 2014

Amendment of authorised agreement

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96.—(1) This article applies where—

(a)the parties to an agreement authorised by the consolidating supervisor wish to amend the agreement; and

(b)the amendment has to be authorised before it is made.

(2) If the consolidating supervisor notifies the appropriate regulator that the EEA parent undertaking has submitted an application for authorisation of the amendment (“the amendment application”), the appropriate regulator must treat the amendment application as if it were an application submitted to the consolidating supervisor for authorisation of a group financial support agreement.

(3) Articles 92 to 95 apply for that purpose, but have effect in relation to the amendment application as if—

(a)each reference to a group financial support agreement were a reference to the amendment set out in the amendment application; and

(b)in article 93 the reference to the application were a reference to the amendment application.