PART 4Recovery plans

CHAPTER 1Assessment of recovery plan drawn up by an institution

Application and interpretation of Chapter 111

1

This Chapter applies where an institution—

a

is authorised by the PRA or FCA and is not part of a group subject to supervision on a consolidated basis in accordance with F2the capital requirements regulation and CRR rules; and

b

submits a recovery plan to the appropriate regulator for assessment F1....

2

In this Chapter “relevant measures” means measures to maintain or restore the viability and financial position of the institution, including measures to—

a

reduce its risk profile, including its liquidity risk profile;

b

review its structure and strategy;

c

enable it to undertake timely recapitalisation;

d

change its funding strategy in order to improve the resilience of core business lines and critical functions; and

e

change its governance structure.