The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 No. 1394

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

57.—(1) Article 102 (relevant notice from UK group entity: decision by the PRA or FCA) is amended as follows. U.K.

(2) In paragraph (2)—

(a) at the end of sub-paragraph (a) add “ and ”;

(b) omit sub-paragraph (b).

(3) After paragraph (3) insert—

“(4) In this article “business day” has the same meaning as in section 70D(1) of the Banking Act 2009 M1 .”.

Commencement Information

I1 Sch. 3 para. 57 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)

Marginal Citations

M1 Section 70D inserted by S.I. 2014/3329.