Section 165(1)

This Chapter applies where, in relation to a relevant group— the PRA or FCA is the consolidating supervisor; a relevant bail-in power has been exercised in respect of two or more group entities; and a group entity submits a business reorganisation plan to the Bank for assessment in accordance with section 48H of the Banking Act 2009 (including that section as applied in consequence of the provision made by section 81BA, 83A, 84 or 89A of that Act).

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