(1) The Bank Recovery and Resolution (No. 2) Order 2014 [S.I. 2014/3348.] is amended as follows.

(2) In article 107 (interpretation of Chapter 1), -

(a) at the end of the definition of "measure for early intervention", omit "and";

(b) at the end of the definition of "relevant institution", insert -

", and

"temporary manager" means a temporary manager appointed by the appropriate regulator under section 71C [Section 71C is inserted into the Financial Services and Markets Act 2000 by article 31 of this Order.] of FSMA;".

(3) In article 108, at the end insert "or the appointment of a temporary manager".

(4) In article 110 (application and interpretation of Chapter 2) after the definition of "non-UK group entity", insert -

"temporary manager" means -

(a) in relation to a UK group entity, a temporary manager appointed by the appropriate regulator under section 71C of FSMA;

(b) in relation to a non-UK group entity, a temporary administrator appointed by a competent authority under measures implementing Article 29 of the recovery and resolution directive;".

(5) In article 111 (procedure for early intervention in respect of a UK group entity) -