Section 137J(3)

A “recovery plan” is a document which provides for measures to be taken— by an institution authorised in the UK which is not part of a group, following a significant deterioration of the financial position of the institution, in order to restore its financial position; or in relation to a group, to achieve the stabilisation of the group as a whole, or of any institution within the group, where the group or institution is in a situation of financial stress, in order to address or remove the causes of the financial stress and restore the financial position of the group or institution.

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Source: legislation.gov.uk · retrieved 2026-09-04