Paragraph 37 Assessment of resolvability of groups

(1)

Article 62 (assessment of group resolvability where the PRA or FCA is the consolidating supervisor) is amended as follows.

(2)

In paragraph (3)—

(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)

omit sub-paragraph (d)(ii) and (iii).

(3)

After paragraph (3) insert—

“(3A)
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 group resolvability.”.

(4)

In paragraph (5)—

(a)

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

(b)

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

(5)

Omit paragraphs (6) to (8).