The Bank Recovery and Resolution ( No. 2) Order 2014 No. 3348

PART 6 U.K. Assessment of resolvability and removal of impediments to resolvability

CHAPTER 3 U.K. Removal of impediments to resolvability of institutions

Right of appeal U.K.

67.—(1) A person who is aggrieved by—

(a) a determination,

(b) the Bank's conclusion that the measures set out in relevant proposals would not adequately address or effectively remove the impediments, or

(c) the exercise of pre-resolution powers,

may refer the matter to the Tribunal (within the meaning given in section 417(1) of FSMA M1 ).

(2) Part 9 of FSMA (hearings and appeals) has effect in relation to a reference to the Tribunal under paragraph (1) as if it were a reference of a decision of the Bank under FSMA.

Marginal Citations

M1 This definition was inserted by S.I. 2010/22.