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Paragraph 21 Review of recovery plans and group recovery plans

Original text. Later amendments are not shown.

(1)

Article 34 (review of group recovery plan assessed under Chapter 2 of Part 4) is amended as follows.

(2)

In paragraphs (2) and (3) for “UK group entity” in both cases substitute “UK parent undertaking”.

(3)

In paragraph (4)—

(a)

omit “by a competent authority”; and

(b)

for “UK group entity” substitute “UK parent undertaking”.

(4)

In paragraph (8) omit the definition of “UK group entity”.