Paragraph 36 Assessment of resolvability of groupsI1

(1)

Article 61 (application and interpretation of Chapter 2 of Part 6) is amended as follows.

(2)

In paragraph (1)—

(a)

in sub-paragraph (a) omit “alone or jointly with other resolution authorities,” and “; or”;

(b)

omit sub-paragraph (b).

(3)

In paragraph (2)—

F1(a)

for “take resolution action in respect of resolution entities or”, substitute “apply the resolution tools or exercise resolution powers in respect of resolution entities, or take”;

(b)

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

Annotations

Textual amendments

F1: Sch. 3 para. 36(3)(a) substituted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 77(2)

Commencement

I1: Sch. 3 para. 36 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)