Section 162(1)

The Bank— must notify the management body or resolution administrator if the business reorganisation plan is found on assessment to contain any material deficiency or measure which would impede its implementation or the object of restoring the long-term viability of the institution or of part of its business; and may not require the management body or resolution administrator to revise the plan without giving it an opportunity to state its opinion on that requirement.

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