Paragraph 117 Information to be contained in a resolution planI1
(1)
Schedule 1 is amended as follows.
(2)
In paragraph 1 (impediments to the effectiveness of resolution action)—
(a)
in sub-paragraph (a) for “resolution action” substitute “ the application of resolution tools or the exercise of resolution powers ”; and
(b)
in sub-paragraph (b) for the words from “Chapter” to the end substitute “ Part 6 ”.
(3)
In paragraph 2(3)(a) (the context for resolution action) for the words from “Article” to the end substitute “ section 228 or 229 of the Banking Act 2009 ”.
Annotations
Commencement
- I1
Sch. 3 para. 117 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)