Article 69 Report on substantive impediments to the resolvability of group entities

(1)

The Bank, in co-operation with F1... the appropriate regulator ..., must prepare a report which—

(a)

contains an analysis of the impediments;

(b)

proposes remedial measures for the impediments; and

(c)

examines the impact of the remedial measures on the business of the group entities.

F2(2)

The Bank must submit its report to the UK parent undertaking and the appropriate regulator.

Annotations

F1: Words in art. 69(1) 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. 42(2); 2020 c. 1, Sch. 5 para. 1(1)
F2: Art. 69(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. 42(3); 2020 c. 1, Sch. 5 para. 1(1)

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)