Regulation 33 Amendment of the Bank Recovery and Resolution (No.2) Order 2014

In article 48(2)—

(a)

in the opening words omit “For each group entity for which it is the resolution authority”;

(b)

in sub-paragraph (a), after “resolution plan” insert “or a group resolution plan covering any group entity for which it is the resolution authority,”;

(c)

in sub-paragraph (b)—

(i)

after “reasoned” insert “and substantiated”; and

(ii)

for “for adopting a group resolution plan” substitute “referred to in paragraph (1)(b)”.