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

Assessment of group recovery plan

12.—(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”.