# The Bank Recovery and Resolution (No. 2) Order 2014, Article 110: Application and interpretation of Chapter 2

Extent: E+W+S+N.I.

(1) This Chapter applies where the PRA or FCA is the consolidating supervisor in relation to a relevant group.
(2) In this Chapter—
“measure for early intervention”—
(a)... has the same meaning as in Chapter 1;
(b)...
...
temporary manager” means—
(a)in relation to a UK group entity, a temporary manager appointed by the appropriate regulator under section 71C of FSMA;
(b)...
“UK group entity” means—
(a)the UK parent undertaking...;
(b)a group subsidiary which is an institution authorised by the PRA or FCA.

---
Source: https://www.legislation.gov.uk/uksi/2014/3348/article/110 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/article-110
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.