Paragraph 44 Removal of impediments to resolvability of group entities where the PRA or FCA is the consolidating supervisor
(1)
Article 71 (determining remedial measures) is amended as follows.
(2)
In paragraph (1) for “EEA” substitute “UK”.
(3)
In paragraph (2) for “each of the authorities to which it submitted its report” substitute “the appropriate regulator”.
(4)
In paragraph (3) omit “Where every group entity is set up in the United Kingdom,”.
(5)
Omit paragraph (4).
(6)
In paragraph (6)(b)—
(a)
in paragraph (i) omit “and other EEA States;”;
(b)
in paragraph (ii) for “EEA market” substitute “market in the United Kingdom”;
(c)
in paragraph (iii) for the words from “any” to the end substitute “the United Kingdom”.
(7)
In paragraph (7) omit “or (4)”.