Schedule 2, paragraph 2

A group resolution plan must— set out the resolution tools that would be applied, the resolution powers that would be exercised or insolvency proceedings that would be taken in respect of each resolution entity in the relevant group; set out the implications of sub-paragraph (a) for— the other group entities in the same resolution group as the resolution entity; and any other resolution group in the relevant group; include a consideration of measures for facilitating the purchase by a third party of the relevant group as a whole or of separate business lines or activities delivered by any group entity or any resolution group; identify and assess potential impediments in relation to the relevant group as a whole to— the co-ordination of the application of resolution tools or the exercise of resolution powers; the effectiveness of the application of resolution tools or the exercise of resolution powers or the achievement of the resolution objectives; where any subsidiary within the relevant group is set up in a third country, set out— arrangements for co-ordinating the application of resolution tools or the exercise of resolution powers, and co-operating, with the authorities which, in the country concerned, exercise any function equivalent to a function of the Bank under Part 1 of the Banking Act 2009 or a competent authority; and the implications of such co-ordination for the resolution of that subsidiary and group entities; set out measures which the Bank considers it would be necessary to take to facilitate group resolution , including by the legal or economic separation of specified functions or business lines of resolution entities; set out any other measures which the Bank would take or considers it would be necessary to take to facilitate group resolution in respect of each resolution group in the relevant group; a detailed description of the assessment of resolvability made in respect of the relevant group in accordance with Chapter 2 of Part 6; and explain how the application of resolution tools or the exercise of resolution powers set out in the plan could be financed (without the assumption that any group entity would be in receipt of the support or assistance referred to in paragraph 1(3))... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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