# The Bank Recovery and Resolution (No. 2) Order 2014, Paragraph 3: Rules about resolution packs: duty to consult


(1) Section 137K (PRA rules about resolution plans: duty to consult) is amended as follows.
(2) In subsection (1)—
(a) for the words “the PRA”—
(i) where they first appear, substitute “either regulator”;
(ii) where they appear after “resolution plan,”, substitute “ the regulator ”; and
(b) for the word “each”, in both places where it appears, substitute “ a ”.
(3) In subsections (1) and (3) for “resolution plan” substitute “ resolution pack ”.
(4) For subsection (2) substitute—
“(2) “Relevant person” has the same meaning as in section 137J(2).”.
(5) After subsection (6) insert—
“(7) In this section “authorised person”, in relation to the PRA, means PRA-authorised person.”.
(6) Accordingly, for the heading substitute “ Rules about resolution packs: duty to consult ”.

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Source: https://www.legislation.gov.uk/uksi/2014/3348/schedule/3/paragraph/3 (the official version)
Page: https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-3/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.