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35.—(1) This article applies where, in relation to a relevant group, a group recovery plan has been assessed under Chapter 3.
(2) The appropriate regulator must endeavour to reach a joint decision on the assessment of an up-dated plan as if it were a group recovery plan of which the appropriate regulator has received a copy for assessment under Chapter 3.
(3) The appropriate regulator must make the assessment in accordance with that Chapter, which has effect for that purpose with the modifications specified in the table—
Article | Modification |
---|---|
Article 27 | Ignore paragraph (1). |
Articles 27 to 29, 31 and 32 | Each reference to the group recovery plan is a reference to the up-dated plan. |
(4) In this article “up-dated plan” means a group recovery plan which—
(a)was assessed by the appropriate regulator under Chapter 3; and
(b)has been reviewed by a group entity (whether or not it has been amended on review).
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