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The Bank Recovery and Resolution (No. 2) Order 2014
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140.—(1) This Chapter applies where neither the PRA nor the FCA is the consolidating supervisor in relation to a relevant group.
(2) In this Chapter—
“four month period” means four months beginning with the date on which the group-level resolution authority gives the Bank notice of its provisional determination of the minimum consolidated requirement as referred to in article 131(2);
“group entity” and “minimum requirement” have the same meaning for the relevant group as they have for a relevant group in Chapter 2;
“group institution”, “non-UK institution” and “UK institution” have the same meaning for the relevant group as they have for a relevant group in Chapter 4; and
“netting arrangement” has the same meaning as in Chapter 2.
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