SCHEDULE 3U.K.Amendments of the Bank Recovery and Resolution (No.2) Order 2014

Requirement to write down or convert capital instrumentsU.K.

83.—(1) Article 149 (application and interpretation of Part 10) is amended as follows.

(2) In paragraph (2)—

(a)in the definition of “alternative measure”, in paragraph (b), for “a measure referred to in” substitute “ a power of the FCA or PRA by or under legislation upon which the United Kingdom relied immediately before [F1IP completion day] to meet its obligations with respect to ”;

(b)omit the definitions of “appropriate authority” and “non-UK group entity”.

(3) In paragraph (3) in the definition of “group entity” omit paragraph (a).