Regulation 31 Amendment of the Bank Recovery and Resolution (No.2) Order 2014

In article 40, after paragraph (6) insert—

“(6A)

In a relevant group, where a mixed-activity holding company has at least one subsidiary which is—

(a)

an institution; and

(b)

a subsidiary of a financial holding company,

the group resolution plan shall provide that the financial holding company is identified as a resolution entity. “Institution” in this subsection has the same meaning as in the capital requirements regulation.”.