Clause 35

by inserting, immediately after the words “section 101A” in section 40(1)(v), the words “or 123ZZC”;

by inserting, immediately after the definition of “domestic authority” in section 86, the following definition:“ “foreign resolution authority” means an authority of a foreign country or territory which, whether alone or together with one or more other authorities of the foreign country or territory, is responsible for the resolution, or for preparing plans for dealing with the resolution, of a financial institution;”;

by deleting the semi‑colon at the end of the definition of “resolution” in section 86 and substituting a full‑stop;

by deleting the definition of “resolution authority” in section 86;

by deleting the words “a resolution authority of a foreign country or territory” in sections 87(1), 88 and 89(1) and substituting in each case the words “a foreign resolution authority”; and

by deleting the words “the resolution authority” wherever they appear in the following provisions and substituting in each case the words “the foreign resolution authority”:Sections 87(1)(a) to (e), 88(a), (b) and (c) and 89(1)(a) to (d).