# The Bank Recovery and Resolution and Miscellaneous Provisions (Amendment) (EU Exit) Regulations 2018, Paragraph 35: Assessment of resolvability of institutions


(1) Article 60 (assessment of resolvability) is amended as follows.
(2) In paragraph (2)—
(a) in sub-paragraph (a) for the words from “Section C” to the end substitute “Schedule 2B and in any technical standards under paragraph (2A);”;
(b) in sub-paragraph (d)—
(i) in paragraph (i) omit “; and”;
(ii) omit paragraph (ii).
(3) After paragraph (2) insert—
“(2A) The Bank may make technical standards providing—
(a) further examples of relevant matters to be considered; and
(b) criteria to be examined,
for the purposes of making the assessment of resolvability.”.
(4) In paragraph (4)—
(a) for “take resolution action or” substitute “apply the resolution tools, exercise resolution powers or take”;
(b) for “any EEA State” substitute “the United Kingdom”.
(5) Omit paragraph (5).

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Source: https://www.legislation.gov.uk/ukdsi/2018/9780111173732/schedule/3/paragraph/35 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-and-miscellaneous-provisions-amendment-eu-exit-regulations-2018/schedule-3/paragraph-35
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.