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Paragraph 17 Assessment of group recovery plan

Original text. Later amendments are not shown.

(1)

Article 23 (business changes and relevant measures) is amended as follows.

(2)

In paragraph (1)(a) for “group entity” substitute “parent undertaking”.

(3)

In paragraph (1)(b) for “the entity” substitute “the UK parent undertaking”.

(4)

In paragraph (2)—

(a)

in the opening words, omit the words from “Subject to” to “relevant matters,”;

(b)

in sub-paragraph (a), for “group entity” substitute “parent undertaking”;

(c)

in sub-paragraph (b), for “the entity” in each case substitute “the UK parent undertaking”.