Paragraph 20 Review of recovery plans and group recovery plansI1

(1)

Article 33 (review of recovery plan) is amended as follows.

(2)

In paragraph (1) omit “or 30”.

(3)

In paragraph (4) omit “by a competent authority”.

(4)

In paragraph (6)—

(a)

in sub-paragraph (a)—

(i)

omit “is authorised by the PRA or FCA and”;

(ii)

for “Article 111 of the capital requirements directive” substitute “ Part 6 of the Capital Requirements Regulations 2013 ”; and

(b)

in sub-paragraph (b) omit “or 3” and “or 30”.

Annotations

I1: Sch. 3 para. 20 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)