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Regulation 34 Amendment of the Bank Recovery and Resolution (No.2) Order 2014

Original text. Later amendments are not shown.

In article 53, for paragraph (2)(a) substitute—

“(a)

review a resolution plan where—

(i)

any material change has been made to the legal or organisational structure of the relevant entity or to its business or financial position; or

(ii)

a change results from the application of the resolution tools or the exercise of the powers under section 6B of the Banking Act 2009 in relation to the relevant entity.”.