Section 71(9)

In a direction given for that purpose, the Bank— if it has specified the measures which are to be taken, must demonstrate how the measures set out in an alternative proposal would not adequately address or effectively remove the impediments; must demonstrate how the remedial measures will adequately address or effectively remove the impediments in a manner proportionate to the burden or restriction imposed by the direction; and must require the entity to— prepare a plan showing how it will comply with the remedial measures; and submit that plan within one month beginning on the date of the direction.

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