SCHEDULE 3Amendments of the Bank Recovery and Resolution (No.2) Order 2014
I184
1
Article 150 (determinations pursuant to Article 59.3 of the recovery and resolution directive: preliminary steps for UK group entities) is amended as follows.
2
In the heading for “pursuant to Article 59.3 of the recovery and resolution directive” substitute “
under section 6A and 81AA of the Banking Act 2009
”
.
3
In paragraph (1), for sub-paragraphs (a) and (b)
(and the preceding “—”), substitute “
to the appropriate regulator
”
.
4
In paragraph (2)—
a
omit the words from “(where appropriate” to “established)”;
b
for sub-paragraphs (a) to (d)
(and the preceding “—”) substitute “
to the appropriate regulator
”
.
5
Omit paragraphs (4) and (5).