# The Bank Recovery and Resolution (Amendment) (EU Exit) Regulations 2020, Regulation 98: Evidence to demonstrate compliance with regulation 94 obligation


(1) The Bank of England may require an undertaking to which regulation 95 applies to provide a properly reasoned legal opinion on the legal enforceability and effectiveness of a term under regulation 97 to one or more of the following—
(a) the Bank of England;
(b) the PRA; or
(c) the FCA.
(2) A legal opinion under paragraph (1) must be prepared by an individual appropriately qualified in the relevant third country.

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Source: https://www.legislation.gov.uk/ukdsi/2020/9780348213676/regulation/98 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-amendment-eu-exit-regulations-2020/regulation-98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.