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18.—(1) Where every group institution is a UK authorised person, the appropriate regulator must assess the group recovery plan, and is solely responsible for the assessment.
(2) Where any group institution is set up in another EEA State, the appropriate regulator must assess the group recovery plan jointly with the competent authority for that institution and in consultation with EBA.
(3) Where a group institution has a significant branch in another EEA State, the assessment must be made, so far as information contained in the plan is relevant to the branch, in consultation with the competent authority established in that State.
(4) The assessment must take account of—
(a)any recommendations made by the Bank or another resolution authority to address any course of action proposed in the plan which could have an adverse impact on the resolvability of a group institution; and
(b)the potential impact of the proposed recovery measures on the financial stability of any EEA State in which a group entity conducts business.
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