Section 23(1)
The Bank Recovery and Resolution (No. 2) Order 2014 · United Kingdom
This article applies where— a UK parent undertaking fails to submit a revision of the group recovery plan within the time allowed by the appropriate regulator; or the appropriate regulator considers that an impediment has not been adequately addressed in a revision of the plan and cannot be adequately addressed by directing the UK parent undertaking to make specific changes to the plan.
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Source: legislation.gov.uk · retrieved 2026-09-04