Regulation 30 Section 71I (sections 71B to 71H: interpretation)I1

United Kingdom

(1)

Section 71I M1 (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

Marginal citations

M1: Section 71I was inserted by S.I. 2016/1239.

Commencement

I1: Reg. 30 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(3)