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

81 Minimum requirement for own funds and eligible liabilities: other provisions
(1) Article 147 (waiver of application of Chapter 4 or 5) is amended as follows.
(2) In the heading omit “or 5”.
(3) In paragraph (2)—
(a) in the opening words—
(i) omit “or 5”;
(ii) for “an EEA parent institution which is a UK institution” substitute “a UK parent institution”;
(b) in sub-paragraph (a) omit “or 3”.
(4) In paragraph (3)—
(a) in the opening words—
(i) omit “or 5”;
(ii) for “UK institution” substitute “group institution”;
(b) in sub-paragraph (b) for “Article 111 of the capital requirements directive” substitute “Part 6 of the Capital Requirements Regulations 2013”;
(c) in sub-paragraph (c)—
(i) for “EEA parent institution” substitute “UK parent institution”;
(ii) omit “or 3”.