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

Early intervention with respect to groups where the PRA or FCA is the consolidating supervisorI162

1

Article 110(2) (application and interpretation of Chapter 2 of Part 8) is amended as follows.

2

In the definition of “measure for early intervention”—

a

in paragraph (a) omit “in relation to a UK group entity,”;

b

omit paragraph (b).

3

Omit the definition of “non-UK group entity”.

4

In the definition of “temporary manager” omit paragraph (b).

5

In the definition of “UK group entity”, in paragraph (a)—

a

for “EEA” substitute “ UK ”;

b

omit “, if it is set up in the United Kingdom”.