Paragraph 21 I1

(1)

Article 34 (review of group recovery plan assessed under Chapter 2 of Part 4) is amended as follows.

(2)

In paragraphs (2) and (3) for “UK group entity” in both cases substitute “ UK parent undertaking ”.

(3)

In paragraph (4)—

(a)

omit “by a competent authority”; and

(b)

for “UK group entity” substitute “ UK parent undertaking ”.

(4)

In paragraph (8) omit the definition of “UK group entity”.

Annotations

I1: Sch. 3 para. 21 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)