Article 163 Application and interpretation of Chapter 2

(1)

This Chapter applies where, in relation to a relevant group—

(a)

the Bank has made a resolution instrument under section 12A of the Banking Act 2009 in respect of a single group entity which is not an institution (“the relevant entity”); and

(b)

the management body F1of the relevant entity or the resolution administrator submits a to the Bank for assessment F2....

(2)

In this Chapter “business reorganisation plan” F3has the meaning given in section 48H of the Banking Act 2009, as applied by section 81BA of that Act and “resolution administrator” F4has the same meaning for the relevant entity as F5it has for an institution in Chapter 1.

Annotations

Textual amendments

F1: Words in art. 163(1)(b) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(2)(a); 2020 c. 1, Sch. 5 para. 1(1)
F2: Words in art. 163(1)(b) omitted (31.12.2020) by virtue of The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(2)(b); 2020 c. 1, Sch. 5 para. 1(1)
F3: Words in art. 163(2) inserted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(3)(a); 2020 c. 1, Sch. 5 para. 1(1)
F4: Words in art. 163(2) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(3)(b); 2020 c. 1, Sch. 5 para. 1(1)
F5: Words in art. 163(2) substituted (31.12.2020) by The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 (S.I. 2018/1394), reg. 1(2), Sch. 3 para. 93(3)(c); 2020 c. 1, Sch. 5 para. 1(1)

Notes on the whole SI

Textual amendments

F1: Order revoked (14.12.2023 for the revocation of art. 227) by Financial Services and Markets Act 2023 (c. 29), s. 86(3), Sch. 1 Pt. 2 (with s. 1(4)); S.I. 2023/1382, reg. 2(c)(x)