# The Bank Recovery and Resolution Order 2014, Article 104: Grounds for applying


(1) Section 96 (grounds for applying) is amended as follows.
(2) In subsection (2)—
(i) in paragraph (a) for “Conditions 1 and 2 in section 7 are met” substitute “Condition 1 in section 7 is met”,
(ii) in paragraph (b), before subparagraph (i) insert—
“(ai) that Condition 2 in section 7 is met,”;
(3) In subsection (3)—
(a) for paragraph (a), substitute—
“(a) the Bank of England has—
(i) informed the PRA that it is satisfied that Condition 2 in section 7 is met, and
(ii) has consented to the application,”, and
(b) in paragraph (b)(i) for “Conditions 1 and 2 in section 7 are met” substitute “Condition 1 in section 7 is met”.

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Source: https://www.legislation.gov.uk/ukdsi/2014/9780111123782/article/104 (the official version)
Page: https://openlegislation.uk/draft-bank-recovery-and-resolution-order-2014/article-104
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.