Paragraph 91 Preparation of business reorganisation plans after application of bail-in tool: assessment of plan drawn up by an institution

(1)

Article 159 (application and interpretation of Chapter 1 of Part 13) is amended as follows.

(2)

In paragraph (1)—

(a)

in sub-paragraph (a) for “Article 111 of the capital requirements directive” substitute “Part 6 of the Capital Requirements Regulations 2013”;

(b)

in sub-paragraph (c)—

(i)

for “or” substitute “of the institution or the”;

(ii)

for “Article 52 of the recovery and resolution directive” substitute “section 48H of the Banking Act 2009”.

(3)

In paragraph (2) omit the definitions of “business reorganisation plan” and “management body”.