# The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 7: Objectives and Code


(1) Section 4 (special resolution objectives) is amended as follows.
(2) In subsection (4)(a)—
(a) for the words from “authorised” to “Article 25,” substitute “ authorised or recognised in the United Kingdom in accordance with Article 14 or 25 ”;
(b) at the end insert “ , as that Regulation had effect on the day on which the Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394) were made ”.
(3) For subsection (7) substitute—
“(7) Objective 5 is to protect investors and depositors to the extent that they have investments or deposits covered by the FSCS.”.

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Source: https://www.legislation.gov.uk/uksi/2018/1394/schedule/1/paragraph/7 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.