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.