PART 13Preparation of business reorganisation plans after application of bail-in tool
CHAPTER 4Assessment of business reorganisation plan drawn up for relevant group where neither the PRA nor the FCA is the consolidating supervisor
Application and interpretation of Chapter 4175
1
This Chapter applies where, in relation to a relevant group—
a
neither the PRA nor the FCA is the consolidating supervisor;
b
a relevant bail-in power has been exercised in respect of two or more group entities; and
c
the Bank receives a copy of a business reorganisation plan submitted to the group-level resolution authority74 for assessment in accordance with Article 52 of the recovery and resolution directive.
2
In this Chapter—
“business reorganisation plan”, “relevant bail-in power”, “relevant matters” and “UK group entity” have the same meaning for the relevant group as they have for a relevant group in Chapter 3; and
“four month period” means four months beginning with the date on which the Bank receives a copy of the business reorganisation plan.