{
  "url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-118",
  "json_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-118.json",
  "legislation": "ukdsi/2018/9780111173732",
  "legislation_title": "The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018",
  "path": "schedule/3/paragraph/118",
  "kind": "paragraph",
  "number": "118",
  "heading": "Information to be contained in a group resolution plan",
  "text": "(1) Schedule 2 is amended as follows.\n(2) In paragraph 1(3)(a) for the words from “Article 100” to the end substitute “section 228 or 229 of the Banking Act 2009”.\n(3) In paragraph 2—\n(a) in sub-paragraph (a) for “action” substitute “tools that would be applied, the resolution powers that would be exercised”;\n(b) in sub-paragraphs (d)(i) and (ii) for “resolution action” in both cases substitute “the application of resolution tools or the exercise of resolution powers”;\n(c) in sub-paragraph (e)(i)—\n(i) for “resolution action” substitute “the application of resolution tools or the exercise of resolution powers”;\n(ii) for “a resolution authority or” substitute “the Bank under Part 1 of the Banking Act 2009 or a”;\n(d) at the end of sub-paragraph (h) add “and”;\n(e) in sub-paragraph (i)—\n(i) for “resolution action” substitute “application of resolution tools or the exercise of resolution powers”; and\n(ii) omit “; and”;\n(f) omit sub-paragraph (j).\n(4) Omit paragraph 3.\n(5) At the end of the Schedule add—\n“4. In this Schedule, “group resolution” means—\n(a) the taking of resolution action at the level of—\n(i) a parent undertaking; or\n(ii) an institution,\nwhich forms part of a group that is subject to consolidated supervision in accordance with Part 6 of the Capital Requirements Regulations 2013; or\n(b) the co-ordination of the application of resolution tools and the exercise of resolution powers by the Bank in relation to group entities that meet the conditions for resolution.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/3/paragraph/118",
    "retrieved_at": "2026-10-30T15:03:43.472272+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}