Application and interpretation of Chapter 4
175.—(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 authority(1) 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.
For the meaning of “group-level resolution authority” see the recovery and resolution directive, Article 2.1, point (44).