Regulation 30 Section 71I (sections 71B to 71H: interpretation)

(1)

Section 71I^f1 (sections 71B to 71H: interpretation) is amended as follows.

(2)

In subsection (2)(b) for “an EEA parent” substitute “a UK parent”.

(3)

In subsection (3)—

(a)

for “an EEA parent” substitute “a UK parent”;

(b)

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

(4)

In subsection (4) for “Article 2.1(2) and 2.1(3) of the recovery and resolution directive” substitute “article 2(1) of the Bank Recovery and Resolution (No. 2) Order 2014”.

(5)

In subsection (5)—

(a)

in the definition of “consolidating supervisor”, for “an EEA parent” substitute “a UK parent”;

(b)

omit the definition of “the recovery and resolution directive”.

Annotations

Footnotes

f1: Section 71I was inserted by S.I. 2016/1239.