# The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 21: Bail-in option


(1) In section 48D (general interpretation of section 48B), subsection (1) is amended as follows.
(2) In the definition of “credit institution” for “Article 2.5(2) to (23)” substitute “Article 2.5(2), (3) or (23)”.
(3) In the definition of “designated settlement system” for the words from “in accordance” to the end substitute “by an order under regulation 4 of the Financial Markets and Insolvency (Settlement Finality) Regulations 1999 (S.I. 1999/2979) for the purposes of those regulations;”.
(4) In the definition of “investment firm”—
(a) for “Regulation (EU)No 575/2013 of the European Parliament and of the Council” substitute “the capital requirements regulation”;
(b) after “specified in” insert “rules made by the FCA or PRA for the purpose of implementing”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/1/paragraph/21 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-1/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.