Section 48H(3)

Where a person has submitted a business reorganisation plan to the Bank of England under subsection (1) (or has re-submitted a plan under subsection (4)), the Bank of England— must approve the plan if satisfied that the plan is appropriately designed for meeting the objective mentioned in subsection (2)(b); must otherwise require the person to amend the plan in a specified manner.

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