OpenLegislation

Paragraph 93 Assessment of business organisation plan drawn up by a single group entityI1

(1)

Article 163 (application and interpretation of Chapter 2 of Part 13) is amended as follows.

(2)

In paragraph (1)(b)—

(a)

for the words from “(within” to “or” substitute “ of the relevant entity or the ”;

(b)

omit “in accordance with Article 52 of the recovery and resolution directive”.

(3)

In paragraph (2)—

(a)

after “ “business reorganisation plan” insert “ has the meaning given in section 48H of the Banking Act 2009, as applied by section 81BA of that Act ”;

(b)

for “have the” substitute “ has the ”;

(c)

for “they have” substitute “ it has ”.

Annotations

Commencement

I1

Sch. 3 para. 93 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)