Paragraph 4 F1

In this Schedule, “group resolution” means—

(a)

the taking of resolution action at the level of—

(i)

a parent undertaking; or

(ii)

an institution,

which forms part of a group that is subject to consolidated supervision in accordance with F2the capital requirements regulation and CRR rules; or

(b)

the co-ordination of the application of resolution tools and the exercise of resolution powers by the Bank in relation to resolution entities that meet the conditions for resolution.

Annotations

Textual amendments

F1: Sch. 2 para. 4 added (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. 118(5) (as amended by S.I. 2020/1350, regs. 1(2), 77(7)); 2020 c. 1, Sch. 5 para. 1(1)
F2: Words in Sch. 2 para. 4 substituted (1.1.2022) by The Financial Services Act 2021 (Prudential Regulation of Credit Institutions and Investment Firms) (Consequential Amendments and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/1376), regs. 1(3), 19(14)

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)