Regulation 59 Amendment of the Bank Recovery and Resolution (No.2) Order 2014

in sub-paragraph (a), for “group entities” substitute “each resolution entity in the relevant group”;

for sub-paragraph (b) substitute—

“(b)

set out the implications of sub-paragraph (a) for—

(i)

the other group entities in the same resolution group as the resolution entity; and

(ii)

any other resolution group in the relevant group;”;

in sub-paragraph (c), at the end insert “or any resolution group”;

in sub-paragraph (f), for “group entities” substitute “resolution entities”;

in sub-paragraph (g), after “respect of” insert “each resolution group in”.