Paragraph 36 Assessment of resolvability of groups

(1)

Article 61 (application and interpretation of Chapter 2 of Part 6) is amended as follows.

(2)

In paragraph (1)—

(a)

in sub-paragraph (a) omit “alone or jointly with other resolution authorities,” and “; or”;

(b)

omit sub-paragraph (b).

(3)

In paragraph (2)—

(a)

for “take resolution action” substitute “apply the resolution tools, exercise resolution powers or take”;

(b)

for “any EEA State” substitute “the United Kingdom”.