SCHEDULE 3Amendments of the Bank Recovery and Resolution (No.2) Order 2014
Preparation of business reorganisation plans after application of bail-in tool: assessment of plan drawn up by an institution91
1
Article 159 (application and interpretation of Chapter 1 of Part 13) is amended as follows.
2
In paragraph (1)—
a
in sub-paragraph (a) for “Article 111 of the capital requirements directive” substitute “Part 6 of the Capital Requirements Regulations 2013”;
b
in sub-paragraph (c)—
i
for “or” substitute “of the institution or the”;
ii
for “Article 52 of the recovery and resolution directive” substitute “section 48H of the Banking Act 2009”.
3
In paragraph (2) omit the definitions of “business reorganisation plan” and “management body”.