Paragraph 42 I1

(1)

Section 89I (effect of recognition of third-country resolution action by the Bank of England) is amended as follows.

(2)

In subsection (6), in the modified subsection (9A), for “third country” substitute “ country or territory ”;

(3)

In subsection (9)—

(a)

in the modified subsection (3), after “United Kingdom and the”, for “third-country” substitute “ country or territory ”;

(b)

in the modified subsection (3A) for “ “third-country group company” and “third country”” substitute “and “third-country group company””.

F1(4)

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Annotations

F1: Sch. 1 para. 42(4) omitted (8.7.2021) by virtue of The Payment and Electronic Money Institution Insolvency Regulations 2021 (S.I. 2021/716), regs. 2, 49(1)

I1: Sch. 1 para. 42 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)