3. This Order lays down procedural and other requirements with respect to planning and taking measures for the purpose of—
(a)restoring the financial position of—
(i)institutions;
(ii)relevant groups; and
(iii)in relation to relevant groups, specified kinds of parent undertaking and subsidiary (other than institutions); and
(b)applying the resolution tools and exercising the resolution powers in order to achieve one or more of the resolution objectives in relation to such institutions, groups and undertakings.