SCHEDULE 3Amendments of the Bank Recovery and Resolution (No.2) Order 2014
I135
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).