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”.