(1) The duty of the Bank of England to make a decision under section 89H(2) of the Banking Act 2009 (recognition of third-country resolution actions) [2009 c. 1. Section 89H was inserted by S.I. 2014/3329, and amended by S.I. 2018/1394.] does not apply in relation to the notification of third-country resolution action in respect of -

(a) a designated person, or

(b) a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by a designated person.

(2) In paragraph (1) -

"designated person" has the same meaning as it has in Chapter 1 of Part 3 (asset-freeze etc.);

"third-country resolution action" has the meaning given in section 89H(7) of the Banking Act 2009.