Section 54(5)
The Bank Recovery and Resolution (No. 2) Order 2014 · United Kingdom
For the purposes of this article Part 3 and Chapter 2 have effect with the modifications specified in the table— Article 8 In paragraph (3) the reference to a group resolution plan is a reference to the up-dated plan. Article 40 In paragraphs (1) and (2) for “draw up and adopt a” read “review the”. In paragraph (3)— the reference to a group resolution plan is a reference to the up-dated plan; and for “be drawn up” read “the review must be undertaken”. In paragraph (4) for “drawn up” read “reviewed”. In paragraphs (5) and (7) for “drawing up a” read “reviewing the”. Article 41 Article 45 The reference to a group resolution plan is a reference to the up-dated plan.
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Source: legislation.gov.uk · retrieved 2026-09-04