Paragraph 1 F1

In this Schedule—

(a)

“back-to-back transaction” means a transaction entered into between two group entities for the purpose of transferring, in whole or in part, the risk generated by another transaction entered into between one of those group entities and a third party;

(b)

“entity” means, in relation to an assessment of resolvability of—

(i)

an institution in accordance with article 60(2)(a), the institution;

(ii)

a relevant group in accordance with article 62(3)(a), the group entities;

(c)

“intra-group guarantee” means a contract by which one group entity guarantees the obligations of another group entity to a third party.

Annotations

Textual amendments

F1: Sch. 2B 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. 119; 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)