PART 6Assessment of resolvability and removal of impediments to resolvability

CHAPTER 2Assessment of resolvability of groups

Application and interpretation of Chapter 261

1

This Chapter applies where the Bank—

a

F1... draws up a group resolution plan in accordance with Chapter 2 of Part 5 or reviews a plan drawn up in accordance with that ChapterF1...

F2b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

In this Chapter “assessment of group resolvability” means an assessment of the extent to which it would be feasible and credible to F4apply the resolution tools or exercise resolution powers in respect of resolution entities, or take insolvency proceedings in respect of group entities while avoiding to the maximum extent possible any significant adverse effect on the financial system of F3the United Kingdom or the continuity of the critical functions of group entities.