SCHEDULE 3Amendments of the Bank Recovery and Resolution (No.2) Order 2014
Minimum requirement for own funds and eligible liabilities: other provisions81
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”.