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

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1

Article 60 (assessment of resolvability) is amended as follows.

2

In paragraph (2)—

a

in sub-paragraph (a) for the words from “Section C” to the end substitute “ Schedule 2B and in any technical standards under paragraph (2A); ”;

b

in sub-paragraph (d)—

i

in paragraph (i) omit “; and”;

ii

omit paragraph (ii).

3

After paragraph (2) insert—

2A

The Bank may make technical standards providing—

a

further examples of relevant matters to be considered; and

b

criteria to be examined,

for the purposes of making the assessment of resolvability.

4

In paragraph (4)—

a

for “take resolution action or” substitute “ apply the resolution tools, exercise resolution powers or take ”;

b

for “any EEA State” substitute “ the United Kingdom ”.

5

Omit paragraph (5).