The Bank Recovery and Resolution (No. 2) Order 2014
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
133 Application and interpretation of Chapter 4
(1) This Chapter applies where the PRA or FCA is the consolidating supervisor in relation to a relevant group. (2) In this Chapter— ... “group entity” and “minimum requirement” have the same meaning for the relevant group as they have for a relevant group in Chapter 2; “group institution” means an institution, other than a mortgage credit institution within the meaning given in Chapter 1, that— is authorised by the PRA or FCA and forms part of a relevant group; “minimum consolidated requirement” means the minimum consolidated requirement (within the meaning given in Chapter 2) which is determined for the relevant group; “netting arrangement” has the same meaning as in Chapter 2; ... ...
133 Application and interpretation of Chapter 4
(1) This Chapter applies where the PRA or FCA is the consolidating supervisor in relation to a relevant group. (2) In this Chapter— ... “group entity” and “minimum requirement” have the same meaning for the relevant group as they have for a relevant group in Chapter 2; “group institution” means an institution, other than a mortgage credit institution within the meaning given in Chapter 1, that— is authorised by the PRA or FCA and forms part of a relevant group; “minimum consolidated requirement” means the minimum consolidated requirement (within the meaning given in Chapter 2) which is determined for the relevant group; “netting arrangement” has the same meaning as in Chapter 2; ... ...
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Who it helps, what it costs, what it fixes. It is what persuades people to support it.
How this law is officially changed
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