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

Assessment of group recovery plan12

1

Article 18 (assessment of group recovery plan) is amended as follows.

2

In paragraph (1) omit “Where every group institution is a UK authorised person,”.

3

Omit paragraphs (2) and (3).

4

In paragraph (4)—

a

in sub-paragraph (a) omit “or another resolution authority”;

b

in sub-paragraph (b) for “any EEA State in which a group entity conducts business” substitute “the United Kingdom”.