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
181 Interpretation of Part
In this Part— “crisis prevention measure” has the meaning given in section 48Z(1) of the Banking Act 2009; “the regulator”— in relation to an undertaking which is a PRA-authorised person, means the PRA; and in relation to any other undertaking, means the FCA. “supervisory measure” means a power of the FCA or PRA by or under legislation upon which the United Kingdom relied immediately before IP completion day to meet its obligations with respect to Article 104.1 of the capital requirements directive; “undertaking” means— an institution which is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules; in relation to a relevant group, a group entity set up in the United Kingdom; or a mixed activity holding company set up in the United Kingdom.
181 Interpretation of Part
In this Part— “crisis prevention measure” has the meaning given in section 48Z(1) of the Banking Act 2009; “the regulator”— in relation to an undertaking which is a PRA-authorised person, means the PRA; and in relation to any other undertaking, means the FCA. “supervisory measure” means a power of the FCA or PRA by or under legislation upon which the United Kingdom relied immediately before IP completion day to meet its obligations with respect to Article 104.1 of the capital requirements directive; “undertaking” means— an institution which is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with the capital requirements regulation and CRR rules; in relation to a relevant group, a group entity set up in the United Kingdom; or a mixed activity holding company set up in the United Kingdom.
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How this law is officially changed
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