# The Bank Recovery and Resolution (No. 2) Order 2014, Paragraph 4


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 the 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.

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Source: https://www.legislation.gov.uk/uksi/2014/3348/schedule/2/paragraph/4 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-2/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.