Paragraph 70 I1

(1)

Article 126 (determination of minimum consolidated requirement) is amended as follows.

(2)

In paragraph (2) omit the words from the start to “United Kingdom,”.

(3)

Omit paragraph (3).

F1(4)

In paragraph (8)(a)—

(a)

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

(b)

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

“and
(vi)
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.”.

Annotations

Textual amendments

F1: Sch. 3 para. 70(4) substituted (28.12.2020) by The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020 (S.I. 2020/1350), regs. 1(2), 77(5)(a)

Commencement

I1: Sch. 3 para. 70 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)