Schedule 3, Part 3, paragraph 8(2)

In regulation 2 — in the definition of “single market restrictions” after paragraph (l) add— articles 84 and 98 of the recovery and resolution directive; in the appropriate place insert— “EEA resolution authority” means an authority designated by another EEA state in accordance with Article 3 of the recovery and resolution directive; “foreign resolution authority” means an authority in a territory which is not, and does not form part of, an EEA state which exercises functions in relation to third-country resolution action (within the meaning of section 89H of the Banking Act 2009), including planning for such action, corresponding to one or more functions exercisable by an EU resolution authority pursuant to the recovery and resolution directive; “recovery and resolution directive” means Directive 2014/59/EU of the European Parliament and of the Council of 15th May 2014 establishing a framework for the recovery and resolution of credit institutions and investment firms; “recovery and resolution directive information” means confidential information received by— the Bank of England in the course of discharging its functions as a resolution authority under the recovery and resolution directive; the FCA or PRA in the course of discharging their functions as competent authorities under the recovery and resolution directive; a person appointed by the Bank of England under section 62B (resolution administrator) of the Banking Act 2009 to act as resolution administrator in the course of discharging that person's functions as such;

← 1 · All articles · 3 →

Source: legislation.gov.uk · retrieved 2026-09-04