35.—(1) Article 60 (assessment of resolvability) is amended as follows.U.K.
(2) In paragraph (2)—
(a)in sub-paragraph (a) for the words from “Section C” to the end substitute “ Schedule 2B and in any technical standards under paragraph (2A); ”;
(b)in sub-paragraph (d)—
(i)in paragraph (i) omit “; and”;
(ii)omit paragraph (ii).
(3) After paragraph (2) insert—
“(2A) The Bank may make technical standards providing—
(a)further examples of relevant matters to be considered; and
(b)criteria to be examined,
for the purposes of making the assessment of resolvability.”.
(4) In paragraph (4)—
(a)for “take resolution action or” substitute “ apply the resolution tools, exercise resolution powers or take ”;
(b)for “any EEA State” substitute “ the United Kingdom ”.
(5) Omit paragraph (5).
Commencement Information
I1Sch. 3 para. 35 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)