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The Bank Recovery and Resolution Order 2014 was made last month and came into force on 1 January: see
here or
here (
pdf). The Order is one of several that implement
Directive 2014/59/EU (establishing a framework for the recovery and resolution of credit institutions and investment firms). An explanatory memorandum is available
here (
pdf). A transposition note for the Directive is available
here (
pdf).
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