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

Provision of group financial supportI156

1

Article 101 (interpretation of Chapter 4 of Part 7) is amended as follows.

2

In paragraph (1)—

a

after “In this Chapter—” insert—

“authorised agreement” has the same meaning as in Chapter 3;

b

omit the definition of “college members”;

c

in the definition of “group entity” for “, FCA or other competent authority” substitute “ or FCA ”;

d

for the definition of “relevant notice” substitute—

“relevant notice” means a notice—

a

given by a group entity;

b

stating an intention to provide financial support under an authorised agreement; and

c

required by rules made by the PRA or FCA under Part 9A of FSMA;