Section 40(7)

For the purpose of drawing up a group resolution plan, so far as the plan is relevant to— the Bank may consult 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 the PRA or the FCA under FSMA. a subsidiary within the relevant group which is set up in a third country, or an institution within the relevant group which has a significant branch in a third country,

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