SCHEDULE 3Amendments of the Bank Recovery and Resolution (No.2) Order 2014
Information to be contained in a resolution planI1117
1
Schedule 1 is amended as follows.
2
In paragraph 1 (impediments to the effectiveness of resolution action)—
a
in sub-paragraph (a) for “resolution action” substitute “
the application of resolution tools or the exercise of resolution powers
”
; and
b
in sub-paragraph (b) for the words from “Chapter” to the end substitute “
Part 6
”
.
3
In paragraph 2(3)(a)
(the context for resolution action) for the words from “Article” to the end substitute “
section 228 or 229 of the Banking Act 2009
”
.