Regulation 21 Resolution of banks not regulated by the PRA
In section 83A (modifications of Part 1 for banks not regulated by the PRA), the Table of modifications in subsection (2) is amended as follows.
In the appropriate places, insert—
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Section 81ZZBA Treat the reference to the PRA in subsection (4) as a reference to the FCA. ”
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Section 81ZZBB (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA.
(b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person.
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Section 81ZBB Treat the reference to the PRA in subsection (4) as a reference to the FCA. ”
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Section 81ZBC (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA.
(b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person.
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Section 81BB Treat the reference to the PRA in subsection (4) as a reference to the FCA. ”
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Section 81BC (a) Treat the references to the PRA in subsections (2) and (6) as references to the FCA.
(b) Subsections (7)(b) and (8)(b) do not apply unless the banking group company has as a member of its immediate group a PRA-authorised person.
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