Regulation 42 Amendment of the Bank Recovery and Resolution (No.2) Order 2014

In article 75(2), at the end insert—

• ““response period” means—

  1. (a)

     in a case described in point (b) of Article 17.3 of the recovery and resolution directive, two weeks beginning with the date on which the institution received the notice; and

  2. (b)

     in any other case, four months beginning with that date.”.