Paragraph 84 I1

(1)

Article 150 (determinations pursuant to Article 59.3 of the recovery and resolution directive: preliminary steps for UK group entities) is amended as follows.

(2)

In the heading for “pursuant to Article 59.3 of the recovery and resolution directive” substitute “ under section 6A and 81AA of the Banking Act 2009 ”.

(3)

In paragraph (1), for sub-paragraphs (a) and (b) (and the preceding “—”), substitute “ to the appropriate regulator ”.

(4)

In paragraph (2)—

(a)

omit the words from “(where appropriate” to “established)”;

(b)

for sub-paragraphs (a) to (d) (and the preceding “—”) substitute “ to the appropriate regulator ”.

(5)

Omit paragraphs (4) and (5).

Annotations

Commencement

I1: Sch. 3 para. 84 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)