Paragraph 91 Preparation of business reorganisation plans after application of bail-in tool: assessment of plan drawn up by an institutionI1

(1)

Article 159 (application and interpretation of Chapter 1 of Part 13) is amended as follows.

(2)

In paragraph (1)—

(a)

in sub-paragraph (a) for “Article 111 of the capital requirements directive” substitute “ Part 6 of the Capital Requirements Regulations 2013 ”;

(b)

in sub-paragraph (c)—

(i)

for “or” substitute “ of the institution or the ”;

(ii)

for “Article 52 of the recovery and resolution directive” substitute “ section 48H of the Banking Act 2009 ”.

(3)

In paragraph (2) omit the definitions of “business reorganisation plan” and “management body”.

Annotations

I1: Sch. 3 para. 91 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)