The Bank Recovery and Resolution Regulations are amended -

(a) in Regulation 3(1), in the definition of "deposit guarantee scheme" by substituting for paragraph (b) the following:

"(b) a deposit guarantee scheme within the meaning of Regulation 3 of the European Union (Deposit Guarantee Schemes) Regulations (No. 516 of 2015), or",

(b) in Regulation 16, by renumbering the second paragraph (4) as paragraph (5), and

(c) in Regulation 63(2)(b), by renumbering the second clause (i) as clause (ii).