{
  "url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-3/paragraph-5",
  "json_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014/schedule-3/paragraph-5.json",
  "legislation": "uksi/2014/3348",
  "legislation_title": "The Bank Recovery and Resolution (No. 2) Order 2014",
  "legislation_url": "https://openlegislation.uk/bank-recovery-and-resolution-no-2-order-2014",
  "path": "schedule/3/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Recovery plans and resolution packs: restriction on duty of confidence",
  "text": "(1) Section 137N (recovery plans and resolution plans: restriction on duty of confidence) is amended as follows.\n(2) For the words “resolution plan”, wherever they appear, substitute “ resolution pack ”.\n(3) In subsection (2) after “authorised person” insert “ or a qualifying parent undertaking ”.\n(4) In subsection (3)(a) and (b) for “that plan” substitute “ that plan or pack ”.\n(5) In subsection (5) after the definition of “authorised person” insert—\n““qualifying parent undertaking” means—\n(a)a qualifying parent undertaking within the meaning given by section 192B; or\n(b)an undertaking which—\n(i)is a parent undertaking of an institution (within the meaning given in section 137J(6) ) authorised in another EEA State; and\n(ii)would be a qualifying parent undertaking within the meaning given by section 192B if the institution were a qualifying authorised person within the meaning given by section 192A(1) .”.\n(6) Accordingly, in the heading for “resolution plans” substitute “ resolution packs ”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "M",
      "label": "M1",
      "text": "Section 137N was substituted by the Financial Services Act 2012, section 24(1)."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "Subsection (6) of section 137J is amended by paragraph 2(4) of this Schedule."
    },
    {
      "type": "M",
      "label": "M3",
      "text": "Section 192A was inserted by the Financial Services Act 2012, section 27."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/3348/schedule/3/paragraph/5",
    "retrieved_at": "2026-10-28T23:53:03.627932+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}