Article 56 Information required for resolution planning

(1)

The regulator must provide the Bank with all information contained in a resolution pack prepared by a relevant person in accordance with rules made by the regulator under FSMA.

(2)

This article does not require any information to be disclosed if its disclosure would be contrary to section 348 of FSMA.

(3)

In this article—

“regulator” has the meaning given in section 3A(2) of FSMA M1;
“relevant person” has the meaning given in subsection (2) of section 137K of FSMA M2 (rules about resolution packs: duty to consult); and
“resolution pack” has the meaning given in subsection (3) of that section.

Annotations

Marginal citations

M1: Section 3A was substituted by the Financial Services Act 2012, section 6(1), which substituted Part 1A of FSMA.
M2: Section 137K was substituted by the Financial Services Act 2012, section 24(1), which substituted Part 9A of FSMA; and, together with the heading, is amended by paragraph 3 of Schedule 3 to this Order.

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)