Regulation 59 Section 192JB (rules requiring parent undertakings to facilitate resolution)I1
United Kingdom
In section 192JB M1 (rules requiring parent undertakings to facilitate resolution), in subsection (4), for paragraph (b) substitute—
“(b)“group financial support agreement” means an agreement for the provision of financial support, by a member of the group of the parent undertaking, to an institution in the group which, at any time after the agreement is concluded, comes to need financial support;”.
Annotations
Marginal citations
- M1
Section 192JB was inserted by section 133(1) of the Financial Services (Banking Reform) Act 2013 (c. 33) and was amended by S.I. 2014/3329.
Commencement
- I1
Reg. 59 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)