Paragraph 68 I1

(1)

Article 123 (determination of minimum requirement) is amended as follows.

F1(2)

In paragraph (6)—

(a)

in sub-paragraph (d), omit the final “and”;

(b)

at the end of sub-paragraph (e) insert—

“and
(f)
relevant assessment criteria specified in any Commission Regulation containing regulatory technical standards adopted by the European Commission under Article 45.2 of the recovery and resolution directive, so far as they are retained EU law.”.

(3)

After paragraph (7) insert—

“(8)
The Bank may make technical standards relating to assessment criteria upon which it must base a determination of the minimum requirement for own funds and eligible liabilities under this article, article 126 or article 135.”.

Annotations

Textual amendments

F1: Sch. 3 para. 68(2) substituted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 77(4)(a)

Commencement

I1: Sch. 3 para. 68 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)