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

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

Early intervention with respect to an institution

61.—(1) Article 108 (notice that institution meets the conditions for early intervention) is renumbered as paragraph (1) of that article.

(2) After paragraph (1) as so renumbered, insert—

“(2) The PRA and the FCA may each make technical standards relating to the circumstances in which a relevant institution may be taken as meeting the conditions for early intervention.”.