Section 53(2)

The Bank must— review a resolution plan where— any material change has been made to the legal or organisational structure of the relevant entity or to its business or financial position; or a change results from the application of the resolution tools or the exercise of the powers under section 6B of the Banking Act 2009 in relation to the relevant entity. make appropriate amendments if such a change could have a material impact on the effectiveness of the plan or necessitate amendment for any other reason.

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