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 ”.