Paragraph 12 I1

(1)

Article 18 (assessment of group recovery plan) is amended as follows.

(2)

In paragraph (1) omit “Where every group institution is a UK authorised person,”.

(3)

Omit paragraphs (2) and (3).

(4)

In paragraph (4)—

(a)

in sub-paragraph (a) omit “or another resolution authority”;

(b)

in sub-paragraph (b) for “any EEA State in which a group entity conducts business” substitute “ the United Kingdom ”.

Annotations

I1: Sch. 3 para. 12 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)