Regulation 12 I1

(1)

In Article 22—

(a)

in paragraph 3, for “Directive 2014/59/EU” substitute “ the Bank Recovery and Resolution (No.2) Order 2014 M1 ”;

(b)

omit paragraphs 6 to 8;

(c)

in paragraph 10—

(i)

in the first sub-paragraph—

(aa)

for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(bb)

omit points (b) and (c);

(ii)

omit the second and third sub-paragraphs;

(d)

in paragraph 11—

(i)

in the first sub-paragraph, for the words from the beginning to “develop draft” substitute “ The Bank of England may make ”;

(ii)

omit the second and third sub-paragraphs.

(2)

Omit Articles 23 and 24.

Annotations

I1: Reg. 12 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)