Regulation 67 Amendment of the Banking Act 2009
In section 81ZBB (transfer to asset management vehicle: supplemental powers in relation to certain holding companies)—
(a)
in subsection (3) for “Article 1.1(c) or (d) of the recovery and resolution directive” substitute “subsection (2A) of section 81AA”;
(b)
in subsection (11)—
(i)
omit the “and” at the end of the definition of “financial assistance case”;
(ii)
omit the definition of “normal insolvency proceedings”.