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Paragraph 93 Assessment of business organisation plan drawn up by a single group entity

Original text. Later amendments are not shown.

(1)

Article 163 (application and interpretation of Chapter 2 of Part 13) is amended as follows.

(2)

In paragraph (1)(b)—

(a)

for the words from “(within” to “or” substitute “of the relevant entity or the”;

(b)

omit “in accordance with Article 52 of the recovery and resolution directive”.

(3)

In paragraph (2)—

(a)

after ““business reorganisation plan” insert “has the meaning given in section 48H of the Banking Act 2009, as applied by section 81BA of that Act”;

(b)

for “have the” substitute “has the”;

(c)

for “they have” substitute “it has”.