Section 192T(2)

Measures taken under subsection (1) may include a direction— suspending the exercise by the company of voting rights attached to the shares of specified subsidiary institutions held by the company; requiring the company to transfer its holdings in its subsidiary institutions to its shareholders; designating another financial holding company, mixed financial holding company or institution within the group as being responsible for a period specified in the direction for ensuring that the group complies with the requirements laid down in Directive 2013/36/EU UK law , CRR rules ... and in the capital requirements regulation on a consolidated or sub-consolidated basis and with section 192XA rules; restricting or prohibiting distributions or interest payments to shareholders; requiring the company to divest from, or reduce its holdings in, institutions or financial institutions; requiring the company to submit a plan setting out how it proposes to correct any deficiencies in its compliance with the conditions in section 192R.

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