# The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 3: Amendments of the Insolvency Act 1986


In paragraph 15C—
(a) in sub-paragraph (3) for paragraph (b) substitute—
“(b) any micro, small and medium-sized enterprise, as defined with regard to the annual turnover criterion referred to in Article 2(1) of the Annex to Commission recommendation 2003/361/EC.”.
(b) in sub-paragraph (4)—
(i) for paragraphs (b) and (c) substitute—
“(b) “non-UK branch” means a branch, as defined in Article 4.1(17) of the capital requirements regulation, which is established outside the United Kingdom;
(c) “UK branch” means a branch, as so defined, which is established in the United Kingdom,”;
(ii) at the end, insert “, as it had effect on the day on which the Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018 were made”.

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.