103.—(1) This article applies where the PRA or FCA is the consolidating supervisor.
F1(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Paragraph (4) applies where—
(a)a competent authority prohibits or restricts the provision of financial support to which a relevant notice refers;
(b)the group recovery plan refers to the provision of group financial support; and
(c)either—
(i)the relevant competent authority for the intended recipient asks the appropriate regulator for a re-assessment of the plan; or
(ii)the appropriate regulator is the competent authority for the intended recipient.
(4) The appropriate regulator—
(a)must consider whether to require the group recovery plan to be reviewed under article 34; and
(b)if the appropriate regulator is the competent authority for the intended recipient and the intended recipient has drawn up a recovery plan on an individual basis, must consider whether to require that plan to be reviewed under article 33.
F2(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments