The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 No. 1394

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

63.—(1) Article 111 (procedure for early intervention in respect of a UK group entity) is amended as follows. U.K.

(2) In paragraph (2) omit the words from “, the relevant” to the end.

(3) Omit paragraph (3).

(4) In paragraph (4) for “recipients of a notice given under paragraph (2)” substitute “ Bank ”.

(5) In paragraph (6) for “EEA” substitute “ UK ”.

Commencement Information

I1 Sch. 3 para. 63 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)