Paragraph 35 I1

(1)

Article 60 (assessment of resolvability) is amended as follows.

(2)

In paragraph (2)—

(a)

in sub-paragraph (a) for the words from “Section C” to the end substitute “ Schedule 2B and in any technical standards under paragraph (2A); ”;

(b)

in sub-paragraph (d)—

(i)

in paragraph (i) omit “; and”;

(ii)

omit paragraph (ii).

(3)

After paragraph (2) insert—

“(2A)
The Bank may make technical standards providing—
(a)
further examples of relevant matters to be considered; and
(b)
criteria to be examined,
for the purposes of making the assessment of resolvability.”.

(4)

In paragraph (4)—

(a)

for “take resolution action or” substitute “ apply the resolution tools, exercise resolution powers or take ”;

(b)

for “any EEA State” substitute “ the United Kingdom ”.

(5)

Omit paragraph (5).

Annotations

Commencement

I1: Sch. 3 para. 35 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)